IN RE LYKES BROS. S.S. CO., INC.

Bankruptcy No. 95-10453-8P1. Adv. No. 95-771.

196 B.R. 574 (1996)

In re LYKES BROS. STEAMSHIP CO., INC., Debtor. AMERICAN PRESIDENT LINES, LTD., Plaintiff, v. LYKES BROS. STEAMSHIP CO., INC., a Louisiana corporation; Mitsui Engineering & Shipbuilding Co., a Japanese corporation; Mitsubishi Heavy Industries, Ltd., a Japanese corporation; Meridian Trust Co., a Pennsylvania trust company, as Trustee; Blue Water Associates, L.P., a Delaware limited partnership; The Chase Manhattan Bank, N.A., as Trustee; GATX Capital Corp., a Delaware corporation; GATX Financial Services, a Delaware corporation and Gilman Financial Services, Inc., a Delaware corporation, Defendants. LYKES BROS. STEAMSHIP CO., INC., Counter-Plaintiff and Cross-Plaintiff, v. AMERICAN PRESIDENT LINES, INC., as Counter-Defendant, and Mitsui Engineering and Shipbuilding Co., Ltd., a Japanese corporation; Mitsubishi Heavy Industries, Ltd., a Japanese corporation; Meridian Trust Co., a Pennsylvania trust company, as Trustee; Blue Water Associates, L.P., a Delaware limited partnership; The Chase Manhattan Bank, N.A., as Trustee; Gatx Capital Corp., a Delaware corporation; and Gilman Financial Services, Inc., a Delaware corporation, Cross-Defendants.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

April 8, 1996.


Attorney(s) appearing for the Case

Mark J. Wolfson, Foley & Lardner, Tampa, FL, K. Rodney May, Foley & Lardner, Orlando, FL, William Bates, III, McCutchen, Doyle, Brown & Enerson, San Francisco, CA, for plaintiffs.

Glenn Siegel, Winthrop, Stimson, Putnam & Roberts, Martin G. Bunin, Ried & Priest, LLP, Robert Simon/Ronald Cohen, Seward & Kissel, New York City, Zala Forizs, Blasingame, Forizs, & Smiljanich, P.A., St. Petersburg, FL, for Mitsui & Mitsubishi.

Robert A. Soriano, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, Tampa, FL, for J.P. Morgan, Delaware.

Robert D. Drain/Alan Kornberg, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Blue Water, Meridian.

Tom C. Nord, San Francisco, CA, for GATX Capital Corp.

Harley Riedel, Tampa, FL, for Lykes Bros. Steamship.

John D. Emmanuel, Fowler, White, Gillen, Boggs, Villareal, & Banker, P.A., Tampa FL, for Blue Water, GATXs. Gilman.

Elizabeth L. Battle, Dewey Ballantine, New York City, for Chase Manhattan.

Mark P. Hirschhorn, New York City, for Gilman Financial Services, Inc.

Paul S. Singerman, Miami, FL, for Creditors' Committee Atty.


ORDER ON (1) MOTION OF LYKES BROS. STEAMSHIP CO., INC. FOR PARTIAL SUMMARY JUDGMENT WITH RESPECT TO COUNTS I AND II OF ITS COUNTERCLAIM AND CROSS-CLAIM AND (2) MOTION BY BLUE WATER ASSOCIATES, L.P., GATX FINANCIAL SERVICES, INC., GATX CAPITAL CORP., AND GILMAN FINANCIAL SERVICES, INC. FOR SUMMARY JUDGMENT DISMISSING CROSS-CLAIMS OF LYKES BROS. STEAMSHIP CO., INC.

ALEXANDER L. PASKAY, Chief Judge.

This is a Chapter 11 reorganization case and the...

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