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IN RE RAYTECH CORP.

Bankruptcy Nos. 89-00293, 98-51540, 98-51532. Adversary No. 99-5039.

242 B.R. 222 (1999)

In re RAYTECH CORPORATION, Raymark Corporation, Raymark Industries, Inc., Debtors. Creditors' Committee of Retirees, Plaintiff, v. Raytech Corporation and Laureen M. Ryan, in her capacity as Trustee of Raymark Corporation and Raymark Industries, Inc., Defendants. Official Committee of Unsecured Creditors of Raytech Corporation, Intervenor Defendant.

United States Bankruptcy Court, D. Connecticut.

December 21, 1999.

Attorney(s) appearing for the Case

Roberta Napolitano, Weinstein, Weiner, Ignal, Napolitano & Shapiro, P.C., Bridgeport, Connecticut, for the Creditors' Committee of Retirees.

James C. Graham, Pepe & Hazard, Hartford, Connecticut, for the Raymark Trustee.

Peter Lockwood, Caplin & Drysdale, Chartered, Washington, D.C., for the Committee of Unsecured Creditors.

Kenneth Pasquale, Stroock & Stroock & Lavan LLP, New York City, Elizabeth Austin, Pullman & Comley, LLC, Bridgeport, Connecticut, for Raytech Corporation.

MEMORANDUM AND ORDER ON CROSS-MOTIONS FOR SUMMARY JUDGMENT

ALAN H.W. SHIFF, Chief Judge.

The Creditors Committee of Retirees ("Retiree Committee") commenced this adversary proceeding on March 29, 1999 seeking a determination that the Raymark Trustee improperly terminated retiree welfare plans. Each side has moved for summary judgment. This decision addresses the defendants' motion.

The parties submitted a stipulation of facts which included exhibits...

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