Covington & Burling LLP, by Alan Vi-negrad, Esq., New York, NY, Special Counsel for the Debtors and Debtors in Possession., Covington & Burling LLP, by Donald W. Brown, Esq. (argued), San Francisco, CA, Special Counsel for the Debtors and Debtors in Possession., Kasowitz, Benson, Torres & Friedman LLP, by Daniel Zinman, Esq., New York, NY, Counsel for the Creditors’ Committee., Dilworth Paxson, LLP, by Lawrence G. McMichael, Esq. (argued), Peter C. Hughes, Esq., Christie M. Callahan, Esq., Philadelphia, PA, Counsel for Michael J. Rigas and James P. Rigas., Harrington & Mahoney, by Mark J. Ma-honey, Esq., Buffalo, NY, Counsel for Michael C. Mulcahey., Golenbock, Eiseman, Assor, Bell & Pes-koe, LLP, by Jeffrey T. Golenbock, Esq. (argued), New York, NY, Counsel for Peter Venetis., Squire, Sanders & Dempsey, LLP, by Alvin B. Davis, Esq. Miami, FL Counsel for Erland Kailbourne., Bailey Cavalieri, LLC, by Michael Good-stein, Esq., Columbus, OH, Counsel for Associated Electric & Gas Insurance Company., Farrell Fritz, P.C., by Louis A. Scareel-la, Esq., Uniondale, NY, Counsel for Associated Electric & Gas Insurance Company., Hogan & Hartson, LLP, by Peter R. Bislo, Esq., Edward C. Crooke, Esq., Washington, DC, Counsel for Federal Insurance Co., Ross, Dixon & Bell, LLP by Leslie S. Ahari, Esq., Washington, D.C., Counsel for Greenwich Insurance Co.