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IN RE AMFESCO INDUSTRIES, INC.

Bankruptcy Nos. 185-51931-352 to 185-51937-352.

81 B.R. 777 (1988)

In re AMFESCO INDUSTRIES, INC., et al., Debtors.

United States Bankruptcy Court, E.D. New York.

January 27, 1988.

Attorney(s) appearing for the Case

Levin & Weintraub & Crames, New York City by Barry N. Seidel, for Debtors.

Stroock & Stroock & Lavan, New York City by Andrew DeNatale, for David Greenblatt, Roy Greenblatt, Michael Greenblatt, Erie Weil, Joseph Kantrowitz, John Hurley and Joseph Nurnberg.

Hahn & Hessen, New York City by George A. Hahn, for the Official Secured Creditors' Committee.

Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, New York City by Wayne Greenwald, for the Official Equity Security Holders' Committee.

Schwartz & Schlacter, New York City by S.J. Silberberg, for the Official General Unsecured Creditors' Committee.

OPINION

MARVIN A. HOLLAND, Bankruptcy Judge:

By application dated August 13, 1987, present and former directors of the Debtors seek to have the Debtors pay, as an expense of administration, pursuant to 11 U.S.C. § 503(b)(1)(A), legal expenses incurred in connection with threatened litigation against them in their capacities as directors and officers of the Debtors. The Secured Creditors' Committee and the Equity...

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