Appellant debtor officers sought review of a decision from the Bankruptcy Court for the Eastern District of Pennsylvania, which found that the debtor's bankruptcy attorney's firm was not liable for turnover of the debtor's assets, officers of the debtor had a fiduciary duty to protect assets and did not exercise due diligence, and the statute of limitations was not tolled for the officers' claims against the law firm.

Debtors, a company and its subsidiaries, filed a fourth amended plan of reorganization, as modified. The sole objection to the plan was asserted by the unsecured creditors'committee ("UCC"), which claimed that the plan unfairly discriminated against the unsecured creditors in favor of the asbestos personal injury claimants. Thus, the UCC argued, the plan did not comply with section 1129(b) of the Bankruptcy Code, 11 U.S.C. § 1129(b).