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IN RE PHAR-MOR, INC.

Bankruptcy No. 92-41599.

152 B.R. 924 (1993)

In re PHAR-MOR, INC., Debtors and Debtors-in-Possession.

United States Bankruptcy Court, N.D. Ohio.

March 29, 1993.

Attorney(s) appearing for the Case

Michael A. Gallo, Nadler, Nadler & Burdman, Youngstown, OH, Robert J. White, O'Melveny & Myers, Los Angeles, CA, for debtors.

Stuart Hertzberg, and I. William Cohen, Pepper, Hamilton & Scheetz, Detroit, MI, Harry W. Greenfield, Buckley King & Bluso, Cleveland, OH, for the Unsecured Creditors' Committee.

Shawn M. Riley, Jones, Day, Reavis & Pogue, Cleveland, OH, for Bank Lenders.

John J. Jerome, Milbank, Tweed, Hadley & McCloy, New York City, for the Noteholders.

John J. Dilenschneider, Squire, Sanders & Dempsey, Columbus, OH, for the Unofficial Committee of Equipment Lenders and Lessors.

Brad Eric Scheler, Fried, Frank, Harris, Shriver & Jacobson, New York City, Stuart A. Strasfeld, Roth, Stephens, Blair, Roberts & Co., Youngstown, OH, for objectors.

M. Scott Michel, Cleveland, OH, U.S. Trustee.

MEMORANDUM OPINION and ORDER

WILLIAM T. BODOH, Bankruptcy Judge.

The cause before the Court is the motion of Phar-Mor, Inc. and 15 affiliated entities (collectively, "Debtors") to prohibit the transfer of certain stock in Debtors until June 30, 1993. An objection was filed by Westinghouse Credit Corporation and First Westinghouse Capital Corporation (collectively, "Objectors"). Arguments were heard on February 4, 1993.

The Court made several preliminary...

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