                                                                                                                           Opinions of the United
2005 Decisions                                                                                                             States Court of Appeals
                                                                                                                              for the Third Circuit


8-23-2005

In Re: Owens Corning
Precedential or Non-Precedential: Precedential

Docket No. 04-4080




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Recommended Citation
"In Re: Owens Corning " (2005). 2005 Decisions. Paper 592.
http://digitalcommons.law.villanova.edu/thirdcircuit_2005/592


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                                                                      PRECEDENTIAL

                      UNITED STATES COURT OF APPEALS
                           FOR THE THIRD CIRCUIT


                                     No. 04-4080


                 IN RE: OWENS CORNING, a Delaware Corporation

                                 CREDIT SUISSE FIRST BOSTON, as Agent for the
                                 prepetition bank lenders,

                                              Appellant


                    On Appeal from the United States District Court
                              for the District of Delaware
                         (D.C. Civil Action No. 00-cv-03837)
                       District Judge: Honorable John P. Fullam


                               Argued February 7, 2005

                Before: ROTH, AMBRO and FUENTES, Circuit Judges

                           (Opinion filed August 15, 2005)

Martin J. Bienenstock, Esquire (Argued)
John J. Rapisardi, Esquire
Richard A. Rothman, Esquire
Timothy E. Graulich, Esquire
Weil, Gotshal & Manges LLP
767 Fifth Avenue, 27th Floor
New York, NY 10153

Ellen R. Nadler, Esquire
Jeffrey S. Trachtman, Esquire
Kenneth H. Eckstein, Esquire
Philip S. Kaufman, Esquire
Kramer, Levin, Naftalis & Frankel LLP
919 Third Avenue, 39th Floor
New York, NY 10022

Roy T. Englert, Jr. Esquire
Robbins, Russell, Englert, Orseck & Untereiner LLP
1801 K Street, N.W., Suite 411
Washington, DC 20006

Rebecca L. Butcher, Esquire
Adam G. Landis, Esquire
Richard S. Cobb, Esquire
Landis, Rath & Cobb LLP
919 Market Street
Suite 500, P.O. Box 2087
Wilmington, DE 19899
       Counsel for (Appellant) Credit Suisse First Boston Corp., as Agent for the
       prepetition bank lenders

Alexandra A.E. Shapiro, Esquire
Mitchell A. Seider, Esquire
Alan Leavitt, Esquire
Latham & Watkins LLP
885 Third Avenue, Suite 1000
New York, NY 10022-4802

Amanda P. Biles, Esquire
Latham & Watkins LLP
Two Freedom Square
11955 Freedom Drive, Suite 500
Reston, Virginia 20190-5651
      Counsel for (Amicus-appellants) The Loan Syndications and Trading Association,
      Inc. and Clearing House Association L.L.C.

Richard M. Kohn, Esquire
Andrew R. Cardonick, Esquire
Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz Ltd.
55 East Monroe Street, Suite 3700
Chicago, IL 60603

Jonathan N. Helfat, Esquire
Otterbourg, Steindler, Houston & Rosen, P.C.
230 Park Avenue

                                            2
New York, NY 10169
     Counsel for (Amicus-appellant) Commercial Financial Association

Robert K. Rasmussen, Esquire
Milton Underwood Professor of Law
Vanderbilt Law School
131 21 st Avenue South
Nashville, TN 37240
      Counsel for (Amicus-appellants) Robert K. Rasmussen, Barry Adler, Susan Block-
      Lieb, G. Marcus Cole, Marcel Kahan, Ronald J. Mann, and David A. Skeel, Jr.

Adam H. Isenberg, Esquire
Saul Ewing LLP
1500 Market Street
Centre Square West, 38 th Floor
Philadelphia, PA 19102

Norman L. Pernick, Esquire
J. Kate Stickles, Esquire
Saul Ewing LLP
222 Delaware Avenue
P.O. Box 1266, Suite 1200
Wilmington, DE 19899

Charles O. Monk, II, Esquire (Argued)
Joseph M. Fairbanks, Esquire
Henry R. Abrams, Esquire
Dan Friedman, Esquire
Saul Ewing LLP
100 South Charles Street, 16 th Floor
Baltimore, MD 21201
      Counsel for (Appellee) Owens Corning, a Delaware Corporation; CDC Corp.;
      Engineered Yarns American Inc.; Exterior Systems Inc.; Falcon Foam Corp.;
      Fibreboard Corp.; HomeExperts; Integrex; Integrex Professional Services;
      Integrex Testing Systems; Integrex Supply Chain Solutions LLC; Integrex Ventures
      LLC; Jefferson Holdings Inc.; Owens-Corning Fiberglass Technology Inc.;
      Owens-Corning HT, Inc.; Owens-Corning Overseas Holdings, Inc.; Owens-
      Corning Remodeling Systems, LLC; Soltech, Inc.




                                          3
Elihu Inselbuch, Esquire
Caplin & Drysdale, Chartered
399 Park Avenue, 27 th Floor
New York, NY 10022

Peter Van N. Lockwood, Esquire
Nathan D. Finch, Esquire
Walter B. Slocombe, Esquire
Caplin & Drysdale, Chartered
One Thomas Circle NW
Washington, DC 20005

Marla R. Eskin, Esquire
Campbell & Levine, LLC
800 North King Street, Suite 300
Wilmington, DE 19801
      Counsel for (Appellee) Official Committee of Unsecured Creditors

Michael J. Crames, Esquire
Jane W. Parver, Esquire
Edmund M. Emrich, Esquire
Andrew A. Kress, Esquire
Kaye Scholer LLP
425 Park Avenue
New York, NY 10022

James L. Patton, Jr., Esquire
Joseph M. Barry, Esquire
Young, Conaway, Stargatt & Taylor LLP
1000 West Street, P.O. Box 391
17 th Floor, Brandywine Building
Wilmington, DE 19801
        Counsel for (Appellee) James J. McMonagle, Legal Representative for Future
        Claimants

J. Andrew Rahl, Equire (Argued)
John B. Berringer, Esquire
John H. Doyle, III, Esquire
Howard Ressler, Esquire
Dennis J. Artese, Esquire
Anderson, Kill & Olick, P.C.

                                          4
1251 Avenue of the Americas
New York, NY 10020

Francis A. Monaco, Jr.
Monzack & Monaco P.A.
1201 North Orange Street
400 Commerce Center
Wilmington, DE 19899
       Counsel for (Appellee) Official Representatives of the Bondholders and Trade
       Creditors f/k/a Official Committee of Unsecured Creditors of Owens Corning

Howard A. Rosenthal, Esquire
Alan R. Gordon, Esquire
Pelino & Lentz P.C.
1650 Market Street
One Liberty Place, 32 nd Floor
Philadelphia, PA 19103

Lawrence J. Kaiser, Esquire
Law Office of Laurence J. Kaiser
One Whitehall Street, Suite 2100
New York, NY 10004
     Counsel for (Amicus-appellee) Commercial Law League America


                   ORDER AMENDING PUBLISHED OPINION

AMBRO, Circuit Judge

             IT IS NOW ORDERED that the published Opinion in the above case filed
August 15, 2005, be amended as follows:

              On page 19, in the sixth line of the first full paragraph, delete the quotation
marks and quoted phrase “[a] four-day evidentiary hearing . . . was held by [his]
predecessor, Judge Wolin,”. Insert in its place the clause “a thirteen-day evidentiary
hearing was held by Judge Wolin” (with no surrounding quotation marks). The new
sentence should read

              In this case, for example, Judge Fullam reached his decision
              after a thirteen-day evidentiary hearing was held by Judge
              Wolin, and after Judge Fullam reviewed “the transcript of the

                                              5
testimony, and . . . the voluminous documentary record compiled in the course of the
hearing, and [had] the benefit of post-trial briefing and argument.”

               On page 47, delete the following sentence “See, e.g., Lynn M. LoPucki,
The Myth of the Residual Owner, 16 n.50 (2004),
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=401160. ”.

              On page 48, starting on the fifth line down, replace “In re World Access,
301 B.R. at 279.” with “Id.”

             On page 51, at the beginning of the last sentence in the last full paragraph,
replace the word “It” with “Moreover, it”.


                                          By the Court,


                                          /s/ Thomas L. Ambro, Circuit Judge


Dated: August 23, 2005




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