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October 29, 1992 <br /> Page 5 <br /> creditors ' interests are better served by litigation or by <br /> settlement. I hope that the Committee and the Division can be <br /> persuaded on November 5 to forego litigation claims in favor of a <br /> reasonable deal with Sanwa. I would then prepare a liquidating <br /> plan in consultation with the parties, with a view to wrapping up <br /> the case before Spring. <br /> Very truly y urs, <br /> J s B. Holden <br /> JBH:ka <br /> Enclosure <br /> cc: John Reeves <br /> Bob Delaney <br /> Diane Delaney <br />