Bankruptcy Nos. 94 B 41683 (SMB) to 94 B 41685 (SMB).

213 B.R. 440 (1997)

In re GRANITE PARTNERS, L.P., Granite Corporation, and Quartz Hedge Fund, Debtors.

United States Bankruptcy Court, S.D. New York.

October 6, 1997.

Attorney(s) appearing for the Case

Harrison J. Goldin, Goldin Associates, L.L.C., New York City, Trustee.

Berlack, Israels & Liberman LLP (Steven E. Greenbaum, Edward S. Weisfelner, of counsel), New York City, for the Unofficial Investors' Committee.

Cleary Gottlieb Steen & Hamilton (Thomas J. Moloney, Robin A. Henry, Carmine D. Boccuzzi, Jr., of counsel), New York City, for Kidder Peabody & Co., Inc.

Gold Bennett & Cera LLP (Solomon B. Cera, Susan D. Resley, of counsel), San Francisco, CA, Bernstein Litowitz Berger & Grossmann LLP (Jeffrey A. Klafter, Robert S. Gans, of counsel), New York City, for Primavera Familienstiftung and Hubert Looser.

Morgan, Lewis & Bockius LLP (Gary G. Staab, of counsel),New York City, for Donaldson, Lufkin & Jenrette Securities Corporation.

Shereff, Friedman, Hoffman & Goodman, LLP, Reid & Priest (Andrew J. Levander, Shalom Jacob, Marc E. Richards, of counsel), New York City, for David J. Askin, Askin Capital Management, L.P. and Dashstar Corporation.

Carolyn Schwartz, United States Trustee (Diana G. Adams, Assistant United States Trustee, of counsel), New York City.


STUART M. BERNSTEIN, Bankruptcy Judge.

Sections 503(b)(3)(D) and 503(b)(4) authorize a bankruptcy court to award legal fees and reimburse expenses incurred by creditors who make a substantial contribution to the case. Three law firms have applied for compensation and reimbursement under these provisions. For the reasons that follow, the law firm of Berlack, Israels & Liberman ("Berlack...

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