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IN RE ENVIRODYNE INDUSTRIES, INC.

Bankruptcy Nos. 93 B 310, 93 B 312, 93 B 316, 93 B 318 and 93 B 319.

174 B.R. 955 (1994)

In re ENVIRODYNE INDUSTRIES, INC., et al., Debtors.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

September 26, 1994.

Attorney(s) appearing for the Case

Allan S. Brilliant of Holleb & Coff, Chicago, IL, for debtors.

James E. Spiotto and Steven E. Garcia (local counsel) of Chapman & Cutler, Chicago, IL, Edwin G. Schallert and Steven R. Gross of Debevoise & Plimpton, New York City, for Official Committee of Bondholders.

MEMORANDUM OF DECISION:

THE MOTION FOR ENTRY OF AN ORDER RELEASING AND DISCHARGING THE MEMBERS OF AND PROFESSIONALS TO THE OFFICIAL BONDHOLDERS' COMMITTEE

JOHN D. SCHWARTZ, Chief Judge.

I. Introduction

On November 8, 1993, the confirmation hearing on the Debtors' First Amended Plan of Reorganization as Twice Modified ("Plan") commenced. On that day, the Official Committee of Bondholders of Envirodyne Industries...

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