Opinions of the United 2007 Decisions States Court of Appeals for the Third Circuit

11-1-2007

In Re: Owens Corning Precedential or Non-Precedential: Precedential

Docket No. 04-4080

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Recommended Citation "In Re: Owens Corning " (2007). 2007 Decisions. Paper 164. http://digitalcommons.law.villanova.edu/thirdcircuit_2007/164

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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: AMBRO, FUENTES and ROTH *, Circuit Judges

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

* Effective May 31, 2006 Judge Roth assumed senior status. 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

2 Otterbourg, Steindler, Houston & Rosen, P.C. 230 Park Avenue 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

Laurence 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, reported at

, be amended as follows:

On page 206, footnote 11, delete the text of the footnote and insert in its place the following: “The actual term was not used in a reported case until 1975. See James Talcott, Inc. v. Wharton (In re Continental Vending Machine Corp.,

, 1004 n.3 (2d Cir. 1975).”

On page 207, in the tenth line of the left-hand column, replace “Talcott” with “James Talcott, Inc.”

5 By the Court,

/s/ Thomas L. Ambro Circuit Judge Dated: November 1, 2007

6