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IN RE MICRON SEPARATIONS, INC.

Bankruptcy No. 97-42342-JFQ, Adversary No. 97-4161.

219 B.R. 1 (1997)

In re MICRON SEPARATIONS, INC., Debtor. MICRON SEPARATIONS, INC., Plaintiff, v. PALL CORPORATION, Defendant.

United States Bankruptcy Court, D. Massachusetts.

September 30, 1997.

Attorney(s) appearing for the Case

Steven M. Bauer, Testa, Hurwitz & Thibeault, Bruce F. Smith, Jager, Smith & Stetler, Boston, MA, for Debtor-Plaintiff.

Robert Somma, William J. Hanlon, Goldstein & Manello, Boston, MA, H. Michael Hartmann, Leydig, Voit & Mayer, Ltd., Chicago, IL, for Defendant.

JUDGMENT

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

Micron Separations, Inc. ("MSI") has brought this action against Pall Corporation ("Pall") seeking a declaration of MSI's payment obligations under its agreement with Pall dated December 18, 1991 (the "Agreement"). The Agreement obligated MSI to pay Pall two-thirds of MSI's net after-tax profits, subject to certain adjustments, all as determined by KPMG Peat Marwick ("KPMG") in a manner consistent with generally...

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