Legal Opinion

In Re Allegheny International, Inc.

United States Bankruptcy Court, W.D. Pennsylvania

Decided May 18, 1989No. 19-10186PublishedCited by 18 opinions

1Opinion of the Court

MEMORANDUM OPINION

JOSEPH L. COSETTI, Bankruptcy Judge.

This matter comes before the court by the objection of Allegheny International, Inc. (“AI” or the “debtor”) to the claim of Fidata Trust Company New York (“Fida-ta”). Fidata has filed a proof of claim for $121,222,412. The claim is allowed in the amount of $111,479,047.

The instant matter is a core proceeding, pursuant to 28 U.S.C. § 157(b)(2)(B). This court has jurisdiction over the parties and subject matter of this action under 28 U.S. C. § 1334.

1. FACTS

To finance its acquisition of Chemetron Corp., the debtor issued 5,466,093 shares of…

2Cases cited5 opinions

  1. Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
  2. In Re Radio-Keith-Orpheum CorporationCourt of Appeals for the Second Circuit · 1939
  3. Cities Service Company, Plaintiff-Appellee-Appellant v. United States of America, Defendant-Appellant-AppelleeCourt of Appeals for the Second Circuit · 1975
  4. Gulf, Mobile and Ohio Railroad Company, Cross-Appellant v. United States of America, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1978
  5. In Re Allegheny International, Inc.United States Bankruptcy Court, W.D. Pennsylvania · 1988

3Cited by18 opinions

  1. In Re Chateaugay CorporationCourt of Appeals for the Second Circuit · 1992
  2. In Re Loewen Group International, Inc.United States Bankruptcy Court, D. Delaware · 2002
  3. In Re Ridgewood Apartments of DeKalb County, Ltd.United States Bankruptcy Court, S.D. Ohio · 1994
  4. LTV Corp. v. Pension Benefit Guaranty Corp. (In Re Chateaugay Corp.)United States Bankruptcy Court, S.D. New York · 1990
  5. Pengo Industries, Inc. v. LichtCourt of Appeals for the Fifth Circuit · 1992

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