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IN RE STONE & WEBSTER, INC.

Bankruptcy No. 00-2142(PJW). Adversary No. 01-7766(PJW). Civ. No. 04-834-SLR.

360 B.R. 64 (2007)

In re STONE & WEBSTER, INC. et al., Debtors. Saudi American Bank, Plaintiff, v. Shaw Group, Inc., SWINC Acquisition Three, Inc., and SWE & C Liquidating Trustee, Defendants.

United States District Court, D. Delaware.

February 13, 2007.

Attorney(s) appearing for the Case

Francis A. Monaco, Jr., Esquire and Kevin Mangan, Esquire of Monzack & Monaco, P.A., Wilmington, DE, Counsel for Plaintiff. Of Counsel: John C. Hutchins, Esquire, Daniel E. Rosenfeld, Esquire and Amy B. Abbott, Esquire of Kirkpatrick & Lockhart Nicholson Graham L.L.P., Boston, Massachusetts.

Stephen E. Jenkins, Esquire, and Catherine A. Strickler, Esquire of Ashby & Geddes, Wilmington, DE, Counsel for Defendant Shaw Group, Inc.

MEMORANDUM OPINION

SUE L. ROBINSON, Chief Judge.

I. INTRODUCTION

On June 2, 2000, debtor Stone & Webster, Inc. filed a voluntary petition for relief under chapter 11, title 11 of the United States Code. On October 18, 2001, plaintiff Saudi American Bank ("plaintiff') filed an adversary proceeding (Adv. No. 01-7766) against defendants Shaw Group, Inc. ("Shaw"), SWINC Acquisition Three, Inc. and SWE & C Liquidating Trustee (collectively...

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