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UNOFFICIAL COMMITTEE v. GRAND UNION

Civ. A. No. 95-102-RRM.

179 B.R. 56 (1995)

UNOFFICIAL COMMITTEE OF ZERO COUPON NOTEHOLDERS, Plaintiff, v. The GRAND UNION COMPANY, Bankers Trust Company, and Official Committee of Unsecured Creditors of the Grand Union Company, Defendants.

United States District Court, D. Delaware.

March 13, 1995.

Attorney(s) appearing for the Case

Jeffrey C. Wisler, Barbara Snapp Danberg, Williams, Hershman & Wisler, P.A., Wilmington, DE, Peter D. Wolfson, P. Peyton Gibson and John A. Bicks, Marcus Montgomery Wolfson, P.C., New York City, for plaintiff Unofficial Committee of Zero Coupon Noteholders.

James L. Patton, Jr., Laura Davis Jones, S. David Peress, Young, Conaway, Stargatt & Taylor, Wilmington, DE, Barry N. Seidel and Roger D. Netzer, Willkie Farr & Gallagher, New York City, for defendant Grand Union Co.

Anthony W. Clark, Gregg M. Galardi, Skadden, Arps, Slate, Meagher & Flom, Wilmington, DE, John W. Butler, Jr. and J. Eric Ivester, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for defendant Bankers Trust Co.

David B. Stratton, Christopher J. Lamb, Pepper, Hamilton & Scheetz, Wilmington, DE, William F. McCarthy and Kendrick Chow, Ropes & Gray, Boston, MA, for defendant Official Committee of Unsecured Creditors of the Grand Union Co.

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

MEMORANDUM OPINION

McKELVIE, District Judge.

This is a bankruptcy case. The Grand Union Company has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. Certain holders of zero coupon bonds issued by Grand Union's parent corporation have filed objections to Grand Union's motion for an order authorizing interim and final financing. The bankruptcy judge assigned to this case has entered an order striking the bondholders' motion, finding...

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