In Re Allegheny International, Inc.

MEMORANDUM OPINION AND ORDER OF COURT

JOSEPH L. COSETTI, Bankruptcy Judge.

The matters presently before the court are the motions of Phoenix Capital Corp. (“Phoenix”), Drexel Burnham Lambert, Inc. (“Drexel Burnham”) 1 , Cowen & Co. (“Cowen”), and AI Investment Partners, L.P. (“AI Investment”), 2 for reconsideration of this court’s Memorandum Opinion and Order of November 3, 1988. The motions for reconsideration are granted, as set forth below.

All of the moving parties have purchased various claims at a discount from creditors of the debtor. This court, echoing the concerns expressed in In re…