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MATTER OF AMERICAN MEDIA DISTRIBUTORS, LLC

Bankruptcy No. 97-20760-575.

216 B.R. 486 (1998)

In the Matter of AMERICAN MEDIA DISTRIBUTORS, LLC, Debtor.

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

February 5, 1998.

Attorney(s) appearing for the Case

Parker Chapin Flattau & Klimpl, LLP by Henry Condell, New York City, for Pelham News Co., Inc., Pellham/American Periodical Distributors, Inc., Vincent Orlando and Joseph Orlando.

Shaw Licitra Asernio & Schwartz, P.C. by Stuart I. Gordon, Garden City, NY, for American Media Distr., LLC.

Sylvor & Richman, LLP by Iris S. Richman, New York City, for Media American Distributors, Inc., Anthony Orlacchio, Michael Pouchie and Matthew Peres.

Hahn & Hessen, LLP by David I. Blejwas, New York City, for Official Committee of Unsecured Creditors of American Media Distributors, LLC.

Office of U.S. Trustee by Alfred Dimino, Garden City, NY.

MEMORANDUM OPINION AND ORDER

LAURA TAYLOR SWAIN, Bankruptcy Judge.

This case comes before the Court on the motion of Pelham News Company, Inc., Pelham/American Periodical Distributors, Inc., Vincent Orlando and Joseph Orlando (collectively, "Movants" or "Pelham/American Group") for an order lifting the automatic stay, to the extent that it is applicable, to permit the arbitration of certain claims arising under an operating agreement relating to the conduct...

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