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IN RE BABCOCK & WILCOX CO.

Bankruptcy Nos. 00-10992 to 00-10995. Adversary No. 01-1155.

274 B.R. 230 (2002)

In re BABCOCK & WILCOX COMPANY. Diamond Power International, Inc., Babcock & Wilcox Construction Co., Inc., Americon, Inc., Debtors. The Official Asbestos Claimants' Committee' and Eric D. Green, Legal Representative for Future Asbestos Claimants, Plaintiff-Interveners, v. The Babcock & Wilcox Company; Babcock & Wilcox Investment Co.; McDermott, Inc.; McDermott Technology, Inc.; BWX Technologies, Inc.; Hudson Products Corp.; and Tracy Power, Inc., Defendants.

United States Bankruptcy Court, E.D. Louisiana.

February 8, 2002.

Attorney(s) appearing for the Case

Elihu Inselbuch, Caplin & Drysdale, New York City, Dennis LaBorde, Monica Suprenant, Baldwin & Haspel, New Orleans, LA, for Asbestos Claimants' Committee.

James L. Patton, Jr., Young, Conaway, Stargatt & Taylor, Wilmington, DE, J. David Forsyth, Sessions, Fishman & Nathan, New Orleans, LA, for Eric Green, Futures Representative.

David M. Bernick, Theodore L. Freedman, Kirkland & Ellis, Chicago, IL, Jan M. Hayden, William H. Patrick, III, Heller, Draper, Hayden, Patrick, & Horn, L.L.C., New Orleans, LA, for debtors.

John M. Duck, Adams & Reese, New Orleans, LA, Daniel R. Murray, Barry Sullivan, Jenner & Block, Chicago, IL, for Babcock & Wilcox Investment Co., McDermott, Inc., McDermott Technology, Inc., BWX Technologies, Inc., Hudson Products Corp., and Tracy Power, Inc.

William E. Steffes, Steffes & Macmurdo, Baton Rouge, LA, for Unsecured Creditors Committee.

MEMORANDUM OPINION

JERRY A. BROWN, Bankruptcy Judge.

                                           Table of Contents

  I. Introduction ......................................................................233

 II. Findings of Fact ..................................................................233
     A. Procedural posture .............................................................233
     B. The parties ........

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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