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IN RE CHATEAUGAY CORP.

Bankruptcy No. 86 B 11273.

154 B.R. 29 (1993)

In re CHATEAUGAY CORPORATION, Reomar, Inc., the LTV Corporation, et al., Debtors. In re LTV STEEL COMPANY, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

February 4, 1993.

Attorney(s) appearing for the Case

Davis Polk & Wardwell, New York City by Thomas Ogden, Karen Wagner, David Wollmuth, for LTV Steel Co., Inc.

Stroock & Stroock & Lavan, New York City by Mark Speiser and Brian Cogan, Blank, Rome, Comisky & McCauley, Philadelphia, PA by William Taylor, III, for Official Committee of Unsecured Creditors of LTV Corp.

Wilmer, Cutler & Pickering, Washington, DC by Patrick Connors, for Official Committee of LTV Aerospace & Defense Co.

Dow, Lohnes & Albertson, New York City by Joseph Kelly, for Riggs Nat. Bank of Washington, D.C.

Mudge Rose Guthrie Alexander & Ferdon, New York City by David Friedman, for Mutual Series Fund, Inc., Gabriel Capital, L.P. and Angelo, Gordon & Co.

MEMORANDUM DECISION ON DEBTOR'S MOTION FOR PARTIAL JUDGMENT AND CREDITORS' CROSS-MOTION

BURTON R. LIFLAND, Chief Judge.

BACKGROUND

LTV Steel Company, Inc. (the "Debtor" or "LTV Steel") seeks partial judgment, pursuant to Federal Rule of Civil Procedure 52(c), that this Court will eliminate from consideration the going concern value of certain collateral securing the J & L Mortgage (as hereinafter defined) in fixing the allowed amounts of the...

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