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IN RE FIELDSTONE MORTG. CO.

No. 07-21814-JS.

427 B.R. 357 (2010)

In re FIELDSTONE MORTGAGE CO., Debtor.

United States Bankruptcy Court, D. Maryland.

February 25, 2010.

Attorney(s) appearing for the Case

Joel I. Sher, Esquire, Shapiro Sher Guinot & Sandler, Baltimore, MD, for Debtor.

Peter S. Partee, Esquire, Richard P. Norton, Esquire, Hunton & Williams LLP, New York, NY, for Credit Based Asset Servicing and Securitization LLC.

Christopher J. Giaimo, Jr., Esquire, Jeffrey N. Rothleder, Esquire, Arent Fox, LLP, N.W. Washington, D.C., Robert M. Hirsch, Esquire, Leah M. Eisenberg, Esquire, Arent Fox, LLP, New York, NY, for the Official Committee of Unsecured Creditors.

Mark A. Neal, Esquire, Hugh M. Bernstein, Esquire, Katherine A. Levin, Esquire, Office of the United States Trustee, Baltimore, MD, for U.S. Trustee.

MEMORANDUM OPINION DENYING MOTION TO AUTHORIZE DEBTOR TO MAKE KEY EMPLOYEE RETENTION PAYMENTS [ON REMAND FROM THE UNITED STATES DISTRICT COURT]

JAMES F. SCHNEIDER, Bankruptcy Judge.

Before the Court is the motion of the Chapter 11 debtor to authorize key employee retention payments ("KERP") to seven employees. This matter came on for hearing upon remand from the United States District Court for the District of Maryland (Blake, D.J.). Having been found...

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