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IN RE PAPERCRAFT CORP.

Bankruptcy No. 91-20903 JKF. Adversary No. 91-2642.

247 B.R. 625 (2000)

In re PAPERCRAFT CORPORATION, Debtors. Committee of Creditors Holding Unsecured Claims and Committee of Creditors Holding Unsecured Claims as Estate Representative of Papercraft, Plaintiffs, v. Citicorp Venture Capital, Ltd. a New York corporation, Defendants.

United States Bankruptcy Court, W.D. Pennsylvania, Pittsburgh Division.

April 20, 2000.

Attorney(s) appearing for the Case

Stephan M. Ray, K. John Shaffer, Stutman, Treister & Glatt, P.C., Los Angeles, CA, Philip E. Beard, Stonecipher, Cunningham, Beard & Schmitt, Pittsburgh, PA, for the Committee.

Amy Tonti, Klett, Lieber, Rooney & Schorling, Pittsburgh, PA, Jeffrey Deller, Lawrence J. Slattery, Citicorp Legal Affairs, New York City, for Citicorp Venture Capital, Ltd.

Paul K. Vey, Pietragallo, Bosick & Gordon, Pittsburgh, PA.

George Cheever, Kirkpatrick & Lockhart, Pittsburgh, PA.

MEMORANDUM OPINION1

JUDITH K. FITZGERALD, Chief Judge.

Introduction

This matter is before me on remand from the Court of Appeals. The facts have been detailed in my earlier opinion, 187 B.R. 486 (Bankr.W.D.Pa.1995), the District Court's opinion, 211 B.R. 813 (W.D.Pa. 1997), and the Court of Appeals' opinion, 160...

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