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MATTER OF McLOUTH STEEL CORP.

Bankruptcy No. 81-07001-G, Adv. Nos. 83-2293, 83-2300, Nos. 84-CV-1953, 84-CV-1959.

55 B.R. 357 (1985)

In the Matter of McLOUTH STEEL CORPORATION, a Michigan Corporation, Debtor. McLOUTH STEEL CORPORATION, Debtor-in-Possession, Plaintiff-Appellee, v. MARBLEHEAD LIME COMPANY, Defendant-Appellant. McLOUTH STEEL CORPORATION, Debtor-in-Possession, Plaintiff-Appellee, v. AIR PRODUCTS AND CHEMICALS, INC., Defendant-Appellant.

United States District Court, E.D. Michigan, S.D.

November 1, 1985.

Attorney(s) appearing for the Case

Philip M. Frost, Peter Swiecicki, Dickinson, Wright, Moon, Van Dusen & Freeman, Detroit, Mich., Wallace M. Handler, Snyder & Handler, Birmingham, Mich., for plaintiff-appellee McLouth Steel Corp.

Asher Rabinowitz, Ann I. Kennedy, Honigman, Miller, Schwartz & Cohn, Detroit, Mich., for defendants-appellants Marblehead Lime Co. and Air Products and Chemicals, Inc.

MEMORANDUM OPINION AND ORDER

PHILIP PRATT, District Judge.

McLouth Steel Corporation filed a bankruptcy petition under Chapter 11 of the Bankruptcy Code on December 8, 1981. Subsequently, Marblehead Lime Company and Air Products and Chemicals, Inc. ("defendants") filed substantial unsecured claims against McLouth. McLouth responded by counterclaiming to recover allegedly preferential transfers made by McLouth to the defendants. In their answers to this counterclaim...

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