GENERAL30825

• Permit No: M1977376
• IBM Index Class Name: General Documents
• Doc Date: 6/5/1991
• Doc Name: SECOND MOTION FOR ORDER EXTENDING DEBTORS EXCLUSIVE PERIOD TO FILE PLANS OF REORGANIZATION AND OBTAI
• Media Type: D
• Archive: No

retention of Lehman Bro[hera hove been resolved and rill present an
order containing agreed provts lone on Lehman Brothers' retention.
(b) EOUloment Bale. On April 30, 1991, CFLI
Steal Corporation gave notice o[ !ts intention to Bell certain
surplus equ lpnent to 7lpplns, Incorporated. CFL! Steel Corporation
reached egreenent rich Pueblo County, Colorado, end the Creditors'
Cotun(t[ee wncwrnl nq this eels. !ter a heering held on Mey Z0,
1991, the Court determined chat valuation evldenee should be
submitted. A further hea ring on this motion Aes been scheduled.
(c) Reclemetlon claims. On May 6, 1991,
CFLI Steel Corporetlon [lied Its Motion for Order Determining
certain Reclamation Clelms end Orentlnq Val ld Reclamation Claims an
Adml nletretlve P[lorlty under 11 U.S.C. IS 507(b) end SL6 (c). This
motion has been cat for heering on June 19, 1991. Resolution of
th le motion is Smportent prior to proposf ng s plan of
remrganltat ion because reclemet ion cle ins !n excess of $1 million
have bean asserted egelnat CFiI Steel Corporetlon.
(7) Meetlnms with Creditors' Committee. A
signlflcant pert of these reorganltetlon cases has been conferring
rich and provld lnq information !o the Off lclel Vneecured Credltors•
Comnlttee. Debtor^ and chair counsel have had frequent mitten
correspondence rich the O[[1c1e1 Credltors' Commltiee through its
counsel end have provided the Credltors' Comnlttee rich volumes of
I nforeetion end documents. Debtors have pertlcl paced In the
lollorlnq meet Inge rlth the Cred 1[ora' Comnlttee since filing their
last motion to extend iha Exclusive Periods (the numerous other
mee[inga end conferences rhleh have taken place betreen counsel end
betreen the Debtors or their counsel and committee members in their
eapaelty es ereditora have not been Inc laded).
(e) On February Ze, Debtors gave [he
Credltors' Commltiee a tour o[ CFil Steel Coiporeilon'6 Pueblo
(ecllltlee end met rich the Cred store' Commltiee In connection rich
that tour.
(b) On March 7, 1991, the Debtors end their
counsel conducted s lengthy telephone con [erence rich pension
counsel [or the Creditors' Committee to provide In formation
concerning the Debtors' employee banal It e.
(c) On March 17, 1991, Debtors' counsel end
Lehman Brothers mc[ rith the Cred :tors' Committee concerning Lehman
Prot hers' retention and prospects for en Investor.
(d) On April Z1, 1991, the Debtors end [heir
counsel met rich the Creditors' Committee end lte bankruptcy and
pension counsel 1n Rev York City concernlnq financial performance
end pension plan termination.
(e) On Apr11 [9, 1991, the Debtors and their
counsel met rich counsel [or the Cred store' Committee concernlnq
env lronmentel claims filed In rheas cases.
([) On May 1, 1991, counsel [or the Debtors
pa rtlclpated !n a portion of the regular meeting o[ the Creditors'
Commltiee to ensrer quest tons concernlnq the Debtors' mine
reel anatlon ectlvltles end concern log soul ronmental compl lance.
(g) On May 6, 1991, Mr. Fre nk J. Yekl lc h,
J r., President o[ CFLI Steel Corporetlon, met !n Pueblo, Colorado,
rich Mr. Kenneth Urba sterekl, Chair o[ [he Creditors' Committee.

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