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IN RE G-I HOLDINGS, INC.

Bankruptcy No. 01-30135(RG). Adversary No. 01-3054(RG). CIV.A. No. 00-6189(DMC).

278 B.R. 725 (2002)

In re G-I HOLDINGS, INC., Debtor. G-1 Holdings, Inc. and Samuel J. Heyman, Plaintiffs, v. Reliance Insurance Company and Great American Insurance Company, and Hartford Fire Insurance Company, Defendants.

United States Bankruptcy Court, D. New Jersey.

May 21, 2002.

Attorney(s) appearing for the Case

McCarter & English, LLP, Newark, NJ, by: Anthony Bartell, Nicole Corona, Christopher Davis, Attorneys for Plaintiffs, G-I Holdings, Inc. and Samuel J. Heyman.

Wiley, Rein & Fielding, LLP, Washington, DC, by: Daniel J. Standish, Bonner, Kiernan, Trebach & Crociata, Parsippany, NJ, by: Anthony J. LaPorta, Attorneys for Defendant, Reliance Insurance Company.

Lord Bissell & Brook, Chicago, IL, by: David L. Koury, Klett, Rooney, Lieber & Schorling, PC, Newark, NJ, by Robert J. Stickles, Attorneys for Defendant, Great American Insurance Company.

White and Williams, LLP, Philadelphia, PA, by: Laura M. Spear, Attorney for Defendant, Hartford Fire Insurance Company.

OPINION

ROSEMARY GAMBARDELLA, Chief Judge.

The Court decides today whether to grant a motion by various insurers to stay the instant adversary proceeding, a coverage action filed by G-I Holdings, Inc., ("G-I" or the "Debtor") and Samuel J. Heyman ("Heyman" collectively with G-I, "Plaintiffs") against Reliance Insurance Company ("Reliance"), Hartford Fire Insurance Company ("Hartford") and Great American Insurance Company ("Great American," collectively...

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