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IN RE CONTINENTAL AIRLINES

Bankruptcy Nos. 90-932 to 90-984. Civ. A. No. 91-151-SLR.

177 B.R. 475 (1993)

In re CONTINENTAL AIRLINES, et al., Debtors. M. Barnett GILLMAN, et al., Appellants, v. CONTINENTAL AIRLINES, INC., and Continental Airlines Holdings, Inc., Appellees.

United States District Court, D. Delaware.

June 28, 1993.

Attorney(s) appearing for the Case

Thomas E. Ross, U.S. Trustee, Philadelphia, PA.

Robert K. Beste, Jr. of Biggs & Battaglia, Wilmington, DE, and Stuart D. Wechsler and Andrew D. Friedman of Wechsler, Skirnick, Harwood, Halebian & Feffer, New York City, for appellants.

James L. Patton, Jr. and Laura Davis Jones of Young, Conaway, Stargatt & Taylor, Wilmington, DE, and Paul P. Welsh and Kenneth J. Nachbar of Morris, Nichols, Arsht & Tunnell, Wilmington, DE, for appellees.

Peter J. Walsh of Bayard, Handelman & Murdoch, Wilmington, DE, and Robert J. Rosenberg, Fredric J. Zepp and Bennett J. Murphy of Latham & Watkins, New York City, for Official Committee of Unsecured Creditors of Continental Airlines, Inc., et al.

MEMORANDUM OPINION

SUE L. ROBINSON, District Judge.

I. INTRODUCTION

Appellants bring this appeal to challenge an order of the United States Bankruptcy Court for the District of Delaware declaring that the automatic stay of section 362 of the Bankruptcy Code (the "Code"), which was imposed by operation of law upon the filing of appellees' petitions for reorganization, is applicable to certain actions commenced by appellants and...

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