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IN RE ANCHOR RESOLUTION CORP.

Bankruptcy Nos. 96-1434, 96-1516(PJW), Adversary No. A-97-87.

221 B.R. 330 (1998)

In re ANCHOR RESOLUTION CORP., et al., Debtors. ANCHOR RESOLUTION CORP., et al., Plaintiffs, v. STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, National Association, as Collateral Agent, Defendant.

United States Bankruptcy Court, D. Delaware.

April 9, 1998.

Attorney(s) appearing for the Case

Joanne B. Wills, Klehr, Harrison, Harvey, Branzburg & Ellers, L.L.P., Wilmington, DE, Counsel to the Official Committee of Unsecured Creditors of Anchor Resolution Corp.

Edward S. Weisfelner, Steven E. Greenbaum, Andrew Dash, Berlack, Israels & Liberman, L.L.P., New York, Special Litigation Counsel to Anchor Resolution Corp. and the Official Committee of Unsecured Creditors of Anchor Resolution Corp.

Thomas L. Ambro, Daniel J. DeFranceschi, Richards, Layton & Finger, Wilmington, DE, Evan D. Flaschen, Jeffrey L. Williams, Thomas H. Day, Hebb & Gitlin, Hartford, CT, Counsel to the Collateral Agent.

MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

Before the Court are the cross-motions for judgment on the pleadings filed by Anchor Resolution Corp. (f/k/a Anchor Glass Container Corp.) (the "Debtor"), the Official Committee of Unsecured Creditors of Anchor Resolution Corp. (the "Committee"), and intervenor The Chase Manhattan Bank, as Indenture Trustee, ("Chase"; together with the Debtor and the Committee, the "Plaintiffs") and defendant State Street...

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