United States Bankruptcy Court, N.D. Illinois, Eastern Division.https://leagle.com/images/logo.png
November 28, 2001.
November 28, 2001.
Attorney(s) appearing for the Case
John Wm. Butler, Jr., George N. Panagakis, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for debtor.
Roman Sukley, Office of U.S. Trustee, Chicago, IL, for U.S. Trustee.
William J. Barrett, Gardner, Carton & Douglas, Chicago, IL, Lead Counsel for Creditor's Committee.
Richard G. Mason, Chaim Fortgang, Wachtell, Lipton, Rosen & Katz, New York City, for Creditor's Committee.
Anne Marie Bredin, Jones, Day, Reavis & Pogue, Chicago, IL, Local Counsel for DIP Lenders.
Michael Bassett, Jones, Day, Reavis & Pogue, Chicago, IL, for DIP Lenders.
Ronald W. Hanson, Latham & Watkins, Chicago, IL, for Pre-Petition Lenders.
David F. Heroy, Carmen H. Lonstein, Bell, Boyd & Lloyd, Chicago, IL, Local Counsel for Equity Security Holders.
Edward S. Weisfelner, Scott M. Berman, Berlack, Israels & Liberman, New York City, for Equity Security Holders.
Christopher J. Bannon, Paul A. Greenberg, Aronberg, Goldgehn, Davis & Garmisa, Chicago, IL, Local Counsel for Metromedia Fiber Network Services, Inc.
David G. Ebert, Jerry M. Feeney, Ingram Yuzek, Gainen, Carroll & Bertolotti, New York City, for Metromedia Fiber Network Services, Inc.
United States Bankruptcy Court, N.D. Illinois, Eastern Division.
MEMORANDUM OPINION
RONALD BARLIANT, Bankruptcy Judge.
Rejection of a contract has only one consequence under the bankruptcy code: it constitutes a breach of that contract. 11 U.S.C. § 365(g). That fact suggests the proper test to be applied to the present motion to reject two product orders each issued in connection with a related agreement. Although the Debtor wants to reject the product orders, it...
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