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IN RE MAYER POLLOCK STEEL CORP.

Bankruptcy No. 93-11975S, Adv. No. 93-0408S.

157 B.R. 952 (1993)

In re MAYER POLLOCK STEEL CORPORATION, Debtor. MAYER POLLOCK STEEL CORPORATION, Plaintiff and Continental Bank the Official Committee of Unsecured Creditors, and Lukens Steel Company, Intervening Plaintiffs, v. LONDON SALVAGE & TRADING CO., LTD., Victor Steel and Supply Company, Tyler Pipe Industries, Inc., Davis Brothers Scrap Co. Inc., National Bearings Company, USG Interiors, Inc., New Standard Corporation, Goodheart Sons, Inc., and Svedala Industries, Inc., Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

August 18, 1993.

Attorney(s) appearing for the Case

Anna Hom, Fellheimer, Eichen, & Braverman, P.C., Philadelphia, PA, for debtor.

Gretchen M. Santamour, Lesser & Kaplin, P.C., Blue Bell, PA, for Continental Bank.

W. Jeffrey Garson, Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, PA, for Creditors' Committee.

Michael Reed, Pepper, Hamilton & Scheetz, Philadelphia, PA, for Lukens Steel Co.

Leonard P. Goldberger, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, PA, for London Salvage & Trading Co., Ltd.

John Wetzel, Swartz, Campbell & Detweiler, Philadelphia, PA, for Victor Steel and Supply Co.

Steven J. Adams, Reading, PA, for Hoffmann Industries, Inc.

Barry A. Solodky, Lancaster, PA, for Goodhart Sons, Inc.

Frederic Baker, Asst. U.S. Trustee, Philadelphia, PA.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

LONDON SALVAGE & TRADING CO., LTD. ("London"), one of two intermediary brokers in a certain contractual arrangement for sale of scrap steel, attempts to claim rights of reclamation and/or rights as an administrative claimant against the Debtor, MAYER POLLOCK STEEL CORPORATION ("the Debtor"), the other intermediary broker. London also seeks to compel the Debtor to reject...

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