Official Committee of Unsecured Creditors of LTV Steel Co. v. Valley Fidelity Bank & Trust Co. (In re Chateaugay Corp.)

OAKES, Chief Judge:

Valley Fidelity Bank & Trust Co. (“Valley”) and intervenors appeal from a judgment of the United States District Court for the Southern District of New York, Shirley Wohl Kram, Judge, affirming a judgment of the United States Bankruptcy Court for the Southern District of New York, Burton R. Lifland, Chief Judge. The bankruptcy court granted partial summary judgment in favor of the debtor, the LTV Corporation (“LTV”), disallowing Valley’s claims to the extent they included unam-ortized original issue discount (“OID”). On this appeal, Valley argues that the bankruptcy court…