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IN RE WINGSPREAD CORP.

Bankruptcy Nos. 87-B-10618 to 87-B-10630, Adv. No. 92-9518A.

155 B.R. 658 (1993)

In re WINGSPREAD CORPORATION, et al., Debtors. Harold YOUNG, as Chapter 7 Trustee of Wingspread Corporation and its twelve subsidiaries, Debtors, Plaintiff, v. PARAMOUNT COMMUNICATIONS INC., f/k/a Gulf & Western Industries, Inc., Kayser-Roth Corporation, and the Bank of New York, in its capacity as Trustee of the Wingspread Corporation Salaried Retirement Plan, Defendants.

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

June 14, 1993.

Attorney(s) appearing for the Case

Hahn & Hessen by George Hahn and Rosanne Thomas, New York City, for Harold Young, as Chapter 7 Trustee of the Wingspread Corp. and its twelve subsidiaries, debtors.

Weil Gotshal & Manges by Marcia Goldstein and Kevin Barrett, New York City, for Paramount Communications Inc. and Kayser-Roth Corp.

MEMORANDUM DECISION

TINA L. BROZMAN, Bankruptcy Judge.

On April 6, 1987, Wingspread Corporation and its related subsidiaries filed for voluntary relief under Chapter 11 of the Bankruptcy Code. The cases were from their inception and remain to this day extraordinarily contentious. The conversion of the reorganization cases to liquidations under Chapter 7 did not abate the litigation. I likely have issued more...

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