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22543-Motion For Order Limiting Use of Findings Re Solvency Filed by Comm of Asbestos PI Claimants
22543-Motion For Order Limiting Use of Findings Re Solvency Filed by Comm of Asbestos PI Claimants
In re: ) Chapter 11
)
W.R. GRACE & CO., et al., ) Case No. 01-1139 (JKF)
)
Debtors. ) Jointly Administered
)
) Objection Deadline: August 7, 2009
) Hearing Date: August 24, 2009 at 10:30 a.m.
The Official Committee of Asbestos Personal Injury Claimants (the “ACC”) and
the Asbestos PI Future Claimants’ Representative (the “FCR”) respectfully request that
the Court enter the attached proposed Order limiting use of future findings or conclusions
1. As the Court is aware, the Bank Lenders, various unsecured creditors, and
object that the Debtors are solvent and, therefore, the Unsecured Creditors are entitled to
receive post-petition interest. The Unsecured Creditors have indicated that they intend to
if so, at what rate is, at bottom, a contractual dispute between the Debtors, on the one
hand, and the Bank Lenders and other Unsecured Creditors, on the other hand. Neither
the ACC nor the FCR are parties to the relevant contracts, and are not participants in that
3. By this Motion, the ACC and FCR simply seek an Order that limits the
findings and conclusions, if any, that may be reached by the Court on solvency to the
issue presented by the Unsecured Creditors’ objection, namely whether they are entitled
to post-petition interest. See D’Amico v. CBS Corp., 297 F.3d 287, 294 (3rd Cir. 2002)
(“Although we may not dictate the preclusion consequences of our decision to future
courts, we do have authority to make clear the limited scope of the District Court’s
decision.”). This is the same approach recommended by this Court in the context of
neutrality. Hr’g Tr. at 200, June 22, 2009 (“The way to do that [limit scope of decision],
I think, is to say that the Court’s findings are limited to the issue that’s before me which
4. The Debtors have advised that they agree with and consent to the relief
WHEREFORE, the ACC and the FCR respectfully request entry of an order, in
the form of the proposed order attached hereto, providing that any findings or conclusions
by the Court with respect to solvency shall only be used for the purpose of determining
whether the Unsecured Creditors are entitled to postpetition interest and shall not be used
by any party for any other purpose, and granting such other and further relief as the Court
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OHS East:160583773.2
Dated: July 20, 2009 Respectfully submitted,
and
and
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OHS East:160583773.2
ORRICK, HERRINGTON & SUTCLIFFE LLP
Roger Frankel
Richard H. Wyron
Jonathan P. Guy
1152 15th Street, N.W.
Washington, DC 20005
Telephone: (202) 339-8400
Facsimile: (202) 339-8500
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OHS East:160583773.2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re: ) Chapter 11
)
W.R. GRACE & CO., et al., ) Case No. 01-1139 (JKF)
) Jointly Administered
Debtors. )
) Objection Date: August 7, 2009
) Hearing Date: August 24, 2009 @10:30 a.m.
PLEASE TAKE NOTICE, that on July 20, 2009, the Official Committee of Asbestos
Personal Injury Claimants and Asbestos PI Future Claimants’ Representatives filed and served
the attached Joint Motion for Order Limiting Use of Court’s Findings or Conclusions with
Respect to Solvency (the “Motion”), with the United States Bankruptcy Court for the District of
PLEASE TAKE FURTHER NOTICE that any responses to the Motion must be in
writing and filed with the Bankruptcy Court on or before August 7, 2009.
PLEASE TAKE FURTHER NOTICE that at the same time, you must also serve a copy
of the response upon the undersigned counsel, so that it is received on or before August 7, 2009.
BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE, 824 MARKET STREET, 5th
{D0157655.1 }
1
IF YOU FAIL TO RESPOND IN ACCORDANCE WITH THIS NOTICE, THE COURT
NOTICE OR HEARING.
-and- -and-
CAPLIN & DRYSDALE, CHARTERED Counsel for David T Austern, Asbestos PI Future
Peter Van N. Lockwood Claimants’ Representative
Nathan D. Finch
One Thomas Circle, N.W.
Washington, D.C. 20005
(202) 862-5000
{D0157655.1 }
2
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re: ) Chapter 11
)
W.R. GRACE & CO., et al., ) Case No. 01-1139 (JKF)
)
Debtors. ) Jointly Administered
)
“ACC”) and the Asbestos PI Future Claimants’ Representative (the “FCR”) have filed a
Joint Motion for Order Limiting Use of Court’s Findings or Conclusions with Respect to
WHEREAS, due and adequate notice of the Motion has been given, and
WHEREAS, the Court having determined that just cause exists for the relief
granted herein;
Any findings made or conclusions reached by the Court with respect to the
Debtors’ solvency shall be used only for the purpose of assisting the Court to resolve the
postpetition interest and shall not be used by any party in any proceeding for any other
purpose.
IT IS SO ORDERED.
:
In re: : Chapter 11
:
W.R. GRACE & CO., et al., : Case No. 01-01139 (JKF)
: Jointly Administered
Debtors in Possession. :
CERTIFICATE OF SERVICE
I, Mark T. Hurford, of Campbell & Levine, LLC, hereby certify that on July 20,
2009, I caused a copy of the Official Committee of Asbestos Personal Injury Claimants
and Asbestos PI Future Claimants’ Representative’s Joint Motion For Order Limiting
counsel via first class mail and electronic mail, as indicated on the attached service lists.
{D0157656.1 }
William H. Sudell, Jr., Esquire
Laura Davis Jones, Esquire Eric D. Schwartz, Esquire
W.R. Grace 2002 Service List
James O’Neill, Esquire. Morris, Nichols Arsht & Tunnell
Pachulski, Stang, Ziehl, & Jones LLP 1201 N. Market Street
919 North Market Street, 17th Floor P.O. Box 1347
Wilmington, DE 19899-8705 Wilmington, DE 19899
Kathryn Sallie, Esquire Joseph Grey, Esquire Francis A. Monaco, Jr., Esquire
Bayard, P.A. Stevens & Lee Womble Carlyle
222 Delaware Avenue, Suite 900 1105 N. Market St. – Ste 700 222 Delaware Avenue, 15th Floor
Wilmington, DE 19899 Wilmington, DE 19801-1270 Wilmington, DE 19801
D. J. Baker, Esquire
Nancy Worth Davis, Esquire
Sheila Birnbaum, Esquire
Ness, Motley, Loadhold, Richardson & Poole Securities & Exchange Commission
Greg St. Clair, Esquire
28 Bridgeside Boulevard 15th & Pennsylvania Ave. N.W.
Skadden, Arps, Slate, Meagher & Flom LLP
P.O. Box 1792 Washington, DC 20020
Four Times Square
Mount Pleasant, SC 29465
New York, NY 10036
District Director
Securities & Exchange Commission
IRS Secretary of Treasurer
Atlanta Regional Office Branch/Reorganization
409 Silverside Road P.O. Box 7040
3475 Lenox Road, NE, Suite 100
Wilmington, DE 19809 Dover, DE 19903
Atlanta, GA 30326-1232
Pamela Zilly
David S. Rosenbloom, Esquire Richard Shinder
Brad Rogers, Esquire
Jeffrey E. Stone, Esquire David Blechman
Office of the General Counsel
Lewis S. Rosenbloom, Esquire Michael Alexander
Pension Benefit Guaranty Corp
McDermott, Will & Emery The Blackstone Group
1200 K. Street, N. W.
227 West Monroe Street 345 Park Avenue
Washington, D.C. 20005-4026
Chicago, IL 60606-5096 New York, NY 10154
Patrick L. Hughes, Esquire
Haynes & Boone LLP David S. Heller, Esquire
Elio Battista, Jr., Esquire
1 Houston Center Latham & Watkins
Blank Rome LLP
1221 McKinney, Suite 2100 Sears Tower, Suite 5800
1201 Market Street, Suite 800
Houston, TX 77010 Chicago, IL 60606
Wilmington, DE 19801-4226
Elihu Inselbuch, Esquire Peter Van N. Lockwood, Esquire Todd Meyer, Esquire
Rita Tobin, Esquire Nathan D. Finch, Esquire Kilpatrick Stockton
Caplin & Drysdale, Chartered Caplin & Drysdale, Chartered 1100 Peachtree Street
375 Park Avenue, 35th Floor One Thomas Circle, N.W. Atlanta, GA 30309
New York, NY 10152-3500 Washington, DC 20005
Cindy Schultz
Bernice Conn, Esquire
Ingersoll-Rand Fluid Products Peter A. Chapman, Esquire
Robins, Kaplan, Miller & Ciresi LLP
One Aro Center 572 Fernwood Lane
2049 Century Park East, Suite 3700
P. O. Box 151 Fairless Hills, PA 19030
Los Angeles, CA 90067
Bryan, OH 43506
Rosa Dominy
William E. Frese, Esquire Scott W. Wert, Esquire Bankruptcy Administration
Attn: Sheree L. Kelly, Esquire
80 Park Plaza, T5D
Foster & Sear, L.L.P. IOS Capital, Inc.
817 Greenview Drive 1738 Bass Road
P.O. Box 570
P.O. Box 13708
Newark, NJ 07101 Grand Prairie, TX 75050
Macon, GA 31208-3708
General Counsel
Paul G. Sumers, Esquire Harry Lee, Esquire
Enron Energy Services
TN Attorney General’s Office, Bankr. Unit Steptoe & Johnson LLP
1400 Smith Street
P.O. Box 20207 1330 Connecticut Avenue, N.W.
EB 0889
Nashville, TN 37202-0207 Washington, DC 20036
Houston, TX 77002
STROOCK & STROOCK & LAVAN LLP KATTEN MUCHIN ROSENMAN LLP
Lewis Kruger, Esquire Noah Heller, Esquire
Kenneth Pasquale, Esquire Merritt A. Pardini, Esquire
Arlene G. Krieger, Esquire Jeff Friedman, Esquire
lkruger@stroock.com noah.heller@kattenlaw.com
kpasquale@stroock.com merritt.pardini@kattenlaw.com
akrieger@stroock.com jeff.friedman@kattenlaw.com
(Counsel to the Official Committee of (Counsel to Bank of America etc re RMQ
Unsecured Creditors) Bond)
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WOMBLE CARLYLE SANDRIDGE & PEPPER HAMILTON LLP
RICE, PLLC Evelyn J. Meltzer, Esquire
Francis A. Monaco, Jr. Esquire Edward C. Toole Jr., Esquire
Kevin J. Mangan, Esquire Anne Marie Aaronson, Esquire
Matthew P. Ward, Esquire meltzere@pepperlaw.com
fmonaco@wcsr.com toolee@pepperlaw.com
kmangan@wcsr.com (Counsel to BNSF)
maward@wcsr.com
(Counsel to State of Montana and The Crown) LANDIS RATH & COBB LLP’
Adam G. Landis, Esquire
LOWENSTEIN SANDLER PC Rebecca L. Butcher, Esquire
Michael S. Etkin, Esquire Kerri K. Mumford, Esquire
Ira M. Levee, Esquire James S. Green, Jr., Esquire
metkin@lowenstein.com landis@lrclaw.com
ilevee@lowenstein.com butcher@lrclaw.com
(Counsel to the ERISA Plaintiffs) mumford@lrclaw.com
green@lrclaw.com
GILMAN & PASTOR, LLP (Delaware counsel to Libby Claimants and Pre
David Pastor, Esquire Petition Lender Group)
Dpastor@Gilmanpastor.com
(Counsel to the ERISA Plaintiffs) COHN WHITESELL & GOLDBERG LLP
Daniel C. Cohn, Esquire
SCHIFFRIN BARROWAY TOPAZ & Christopher M. Candon, Esquire
KESSLER LLP cohn@cwg11.com
Joseph H. Meltzer, Esquire candon@cwg11.com
Katherine Bornstein, Esquire (Counsel to Libby Claimants)
jmeltzer@sbtklaw.com
kbornstein@sbtklaw.com SMITH, KATZENSTEIN & FURLOW LLP
(Counsel to the ERISA Plaintiffs) Kathleen M. Miller, Esquire
Etta R. Wolfe, Esquire
RICHARDS, LAYTON & FINGER, P.A. kmiller@skfdelaware.com
Robert J. Stearn, Jr. Esquire ewolfe@skfdelaware.com
Cory D. Kandestin, Esquire (Delaware Counsel for Kaneb)
stearn@rlf.com
kandestin@rlf.com FULBRIGHT & JAWORSKI L.L.P.
( Delaware counsel to Scotts) Steve A. Peirce, Esquire
Toby L. Gerber, Esquire
VORYS, SATER, SEYMOUR and PEASE speirce@fulbright.com
LLP tgerber@fulbright.com
Robert J. Sidman Esquire (Counsel to Kaneb)
Tiffany Strelow Cobb, Esquire
rjsidman@vorys.com
tscobb@vorys.com
(Counsel to Scotts)
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CONNOLLY BOVE LODGE & HUTZ LLP WHITE AND WILLIAMS LLP
Jeffrey Wisler, Esquire Marc S. Casarino , Esquire
Marc J. Phillips, Esquire Joseph Gibbons, Esquire
jwisler@cblh.com Gregory T. LoCasale, Esquire
mphillips@cblh.com James S. Yoder, Esquire
(Counsel to Maryland Casualty and Zurich casarinom@whiteandwilliams.com
Insurance) gibbonsj@whiteandwilliams.com
locasaleg@whiteandwilliams.com
ECKERT SEAMANS CHERIN & yoderj@whiteandwilliams.com
MELLOTT, LLC (Counsel to Century Indemnity Company)
Edward J. Longosz, II, Esquire
Laura G. Stover, Esquire DRINKER BIDDLE & REATH LLP
elongosz@eckertseamans.com Warren T. Pratt, Esquire
lstover@eckertseamans.com David P. Primack, Esquire
( Counsel to Maryland Casualty and Zurich) Michael F. Brown, Esquire
Jeffrey Boerger, Esquire
ROSENTHAL, MONHAIT, & GODDESS warren.pratt@dbr.com
Edward B. Rosenthal, Esquire david.primack@dbr.com
erosenthal@rmgglaw.com michael.brown@dbr.com
(Counsel to CNA) jeffrey.boerger@dbr.com
(Counsel to Seaton, One Beacon, GEICO and
GOODWIN PROCTER LLP Commercial Union)
Daniel M. Glosband, Esquire
Brian H. Mukherjee, Esquire
Michael S. Giannotto, Esquire STEVENS & LEE, P.C.
dglosband@goodwinprocter.com John D. Demmy , Esquire
bmukherjee@goodwinprocter.com Leonard P. Goldberger, Esquire
mgiannotto@goodwinprocter.com Marnie E. Simon, Esquire
(Counsel to CNA) jdd@stevenslee.com
lpg@stevenslee.com
FORD MARRIN ESPOSITO WITMEYER & mes@stevenslee.com
GLESER, LLP (Counsel to Firemans’ Fund)
Elizabeth DeCristofaro, Esquire
Shayne W. Spencer, Esquire PAUL, WEISS, RIFKIND, WHARTON &
emdecristofaro@FMEW.com GARRISON LLP
swspencer@FMEW.com Stephan J. Shimshak, Esquire
(Counsel to CNA) Andrew N. Rosenberg, Esquire
Margaret A. Phillips, Esquire
WILEY REIN LLP sshimshak@paulweiss.com
Richard A. Ifft, Esquire arosenberg@paulweiss.com
rifft@wileyrein.com mphillips@paulweiss.com
(Counsel to the Pre Petition Lender Group
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ZUCKERMAN SPAEDER LLP
Thomas G. Macauley, Esquire
Virginia Whitehill Guldi, Esquire PACHULSKI STANG ZIEHL & JONES LLP
James Sottile, Esquire James E. O’Neill, Esquire
tmacauley@zuckerman.com Timothy P. Cairns, Esquire
vguldi@zuckerman.com Kathleen P. Makowski, Esquire
jsottile@zuckerman.com Patricia Cuniff, Paralegal
(Counsel to Equitas) Lynzy Oberholzer, Paralegal
joneill@pszjlaw.com
McCARTER & ENGLISH, LLP tcairns@pszjlaw.com
Katharine L. Mayer, Esquire kmakowski@pszjlaw.com
Daniel M. Silver, Esquire pcuniff@pszjlaw.com
kmayer@mccarter.com loberholzer@pszjlaw.com
dsilver@mccarter.com
WILDMAN, HARROLD, ALLEN & DIXON
ZEICHNER ELLMAN & KRAUSE LLP LLP
Michael S. Davis, Esquire Jonathan W. Young, Esquire
Robert Guttmann, Esquire young@wildman.com
rguttmann@zeklaw.com (Counsel to CNA)
mdavis@zeklaw.com
(Counsel to AIG and National Union) SPEIGHTS & RUNYAN LLP
Daniel Speights, Esquire
JOHN SHEEHAN SPADARO, LLC dspeights@speightsrunyan.com
John S. Spadaro, Esquire (Counsel to Anderson Memorial and other PD
jspadaro@johnsheehanspadaro.com Claimants)
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