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IN RE G-I HOLDINGS, INC.

Bankruptcy No. 01-30135(RG). Adversary No. 01-3013(RG).

313 B.R. 612 (2004)

In re G-I HOLDINGS, INC. f/k/a GAF Corporation, et al., Debtors. G-I Holdings, Inc., Plaintiff, v. Those Parties Listed on Exhibit A, et al., Defendants.

United States Bankruptcy Court, D. New Jersey.

June 8, 2004.

Attorney(s) appearing for the Case

Dennis J. O'Grady, Mark E. Hall, Riker, Danzig, Scherer, Hyland & Perretti LLP, Morristown, NJ, Martin J. Bienenstock, Debra L. Goldstein, Kathryn L. Turner, Weil, Gotshal & Manges LLP, New York, NY, Co-Attorneys for the Debtors and Building Materials Corporation of America.

Jeffrey D. Prol, Jeffrey A. Kramer, Lowenstein Sandler, PC, Roseland, NJ, Trevor W. Swett, Max C. Heerman, Caplin & Drysdale, Washington, DC, Co-Counsel to Official Committee of Asbestos Claimants.

David R. Gross, Nancy A. Washington, Saiber, Schlesinger, Satz & Goldstein LLC, Newark, NJ, Michael L. Scheier, Keating, Muething & Klekamp, P.L.L., Cincinnati, OH, Co-Counsel for the Legal Representatives of Present and Future Holders of Asbestos-Related Demands.

William S. Katchen, Duane Morris, LLP, Newark, NJ, Theodore Gewertz, Esq., Wachtell, Lipton, Rosen & Katz, New York, NY, Co-Counsel for the Bank of New York.

OPINION

ROSEMARY GAMBARDELLA, Chief Judge.

This matter is before the Court on a motion filed by the Official Committee of Asbestos Claimants (hereinafter the "Committee") seeking four separate, but interrelated, forms of relief. First, the Committee requests that this Court modify the February 22, 2002 Preliminary Injunction entered in this case so as to permit the Committee to commence an adversary proceeding as the representative of the Debtor G...

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