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.. f ~r <br />P.I so relevant [o CFBI's consideration is the Ca ct that <br />Lhe EPA, un two occasions, has asserted the right to receive the <br />settlement proceeds resulting Crom any recovery or settlement <br />vi[h the lnsura ace Companies. CYbI contests the EPA's posi[lon, <br />however, Chat issue has never been presented directly to the <br />Bankruptcy Court [or determination. If the EPA were to prevail <br />on its pose[ion, then the proposed settlement is still in Che <br />best in[e[esc o[ CF61 and its estates because Cf 6I should not <br />continue to incur the ongoing expense of prosecuting the Coverage <br />Action vita out [he corresponding benefit of the upside of the <br />Cavnra~c P.ct!en. <br />Based on [he foregoing, [he Court should grant the <br />Motions Filed Under Seal of Reorganized CF6I Steel Corporation <br />Dated April 2I, 1995 for Ortlers Approvi nq Settlement Agreements <br />Between CF6t Steel Corporation and Various Insurance Companies. <br />DATED this list day of April, 1995. <br />RAY, QUINNEY 6 NEBEKER <br />By: wan t~~ h ~~4nn~A <br />Weston L. lia rris <br />90009/wlh <br />_'j_ <br />