IN RE VALLEY MEDIA, INC.

No. 01-11353(PJW).

279 B.R. 105 (2002)

In re VALLEY MEDIA, INC., Debtor.

United States Bankruptcy Court, D. Delaware.

April 25, 2002.


Attorney(s) appearing for the Case

Karen Jacobs Louden, Robert J. Dehney, Eric D. Schwartz, Jason W. Staib, Morris, Nichols, Arsht & Tunnell, Wilmington, DE, for Valley Media, Inc.

William P. Bowden, Ashby & Geddes, Wilmington, DE, Jonathan N. Helfat, Houston & Rosen, P.C., New York City, to Congress Financial Corporation (Northwest).

Teresa K.D. Currier, Klett, Rooney, Lieber & Schorling, Wilmington, DE, Michael A. Bloom, Morgan, Lewis & Bockius, LLP, Philadelphia, PA, Counsel to the Committee.

Carl N. Kunz, III, Morris, James, Hitchens & Williams, LLP, R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Charles J. Brown, William D. Sullivan, Elzufon, Austin, Reardon, Tarlov & Mondell, P.A., Francis A. Monaco, Jr., Rachel M. Mersky, Brian J. McLaughlin, Walsh, Monzack & Monaco, P.A., Wilmington, DE, Michael L. Moskowitz, Richard E. Weltman, Weltman & Moskowitz, LLP, Christopher R. Whent, Christopher R. Whent, New York City, Counsel to Objecting Vendors.


OPINION

PETER J. WALSH, Chief Judge.

This is with respect to the January 10, 2002 motion of Valley Media, Inc. ("Valley" or the "Debtor") to sell its inventory at auction1 ("Auction Motion") (Doc. 118) and the objections made by certain consignment vendors ("Objecting Vendors")2 to the Auction Motion ("Auction Objections")3. The...

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