IN RE SPECO CORP.

Bankruptcy No. 95-34619.

195 B.R. 674 (1996)

In re SPECO CORPORATION, Debtor in Possession.

United States Bankruptcy Court, S.D. Ohio, Western Division.

April 26, 1996.


Attorney(s) appearing for the Case

John C. Hartranft, Jack R. Pigman, Teri G. Rasmussen, Porter, Wright, Morris & Arthur, Columbus, Ohio, for SPECO Corporation, Debtor and Debtor-in-Possession.

Frederick G. Cloppert, Jr., Cloppert, Portman, Sauter, Latanick & Foley, Columbus, Ohio, for UAW and UAW Local 1192.

John E. Hoffman, Jr., Arter & Hadden, Columbus, Ohio, for the Official Committee of Creditors.

Daniel W. Sherrick, International Union, UAW, Detroit, MI.

Mark McDonald, Baker & McKenzie, Dallas, TX.

Denise Tataryn, Pension Benefit Guaranty Corp., Washington, DC.

Stephen D. Lerner, Taft, Stettinius & Hollister, Cincinnati, Ohio.

Linda M. Battisti, Asst. U.S. Trustee, Columbus, Ohio.


OPINION ON ORDER ISSUED MARCH 21, 1996

WILLIAM A. CLARK, Chief Judge.

On March 21, 1996, this court issued an order (Doc. # 127) denying SPECO Corporation's "Motion for Approval of Modification and Termination of Payment of Retiree Benefits." The following constitutes the court's opinion to support the court's earlier order.

STATEMENT OF FACTS

Testimony at the hearing on the debtor's motion, as well as the undisputed portions of...

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