Official Committee of Creditors Holding Unsecured Claims v. Painewebber Inc. (In Re De Laurentiis Entertainment Group, Inc.)

MEMORANDUM DECISION AND ORDER

REA, District Judge.

The Court has reviewed and considered the moving and opposing papers, the record of the case, the arguments of counsel, the applicable authorities and good cause appearing therefore:

IT IS HEREBY ORDERED that PaineW-ebber Incorporated’s litigation expense claim against the Debtor’s Chapter 11 estate is subordinated under 11 U.S.C. § 510(b) to the claims of all other general unsecured creditors.

The issue presented on appeal is whether the Bankruptcy Court erred in finding that PaineWebber’s litigation expense claim against a Chapter 11 estate…