In re: FV Steel and Wire Company, et al.,[1] Chapter 11 Debtors.

Case No. 04-22421-SVK (Jointly Administered).United States Bankruptcy Court, E.D. Wisconsin.
May 10, 2005.

[1] The Debtors are the following entities: FV Steel and Wire Company, Keystone Consolidated Industries, Inc., DeSoto Environmental Management, Inc., J.L. Prescott Company, Sherman Wire Company (f/k/a DeSoto, Inc.) and Sherman Wire of Caldwell, Inc.

SUSAN KELLEY, Bankruptcy Judge

Upon the Motion[2] of the debtors and debtors in possession in the above-captioned cases (collectively, the “Debtors”) seeking entry of an order approving the Agreement; and the Court having jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334; and the Court finding that this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2); and upon consideration of the Motion; and due and proper notice of the Motion having been given; and the parties having executed the Agreement; and the Court having determined that just cause exists for the relief granted herein; it is hereby

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ORDERED that the Agreement is approved in its entirety; and it is further

ORDERED that Claim 1873 shall be allowed as a general unsecured claim against Sherman Wire in the amount of $750,000.00 for all purposes; and it is further

ORDERED that Claims 2536 and 2400 shall be disallowed for all purposes; and it is further

ORDERED that the Allstate Insurance Company is authorized to pay $75,000 directly to the PCFA; and it is further

ORDERED that nothing herein is intended, or shall be construed, to: (1) affect the liability of any party other than Sherman Wire Company (f/k/a DeSoto, Inc.) (“DeSoto”) or (2) determine the share of liability allocated to DeSoto or any party in the New Jersey Litigation styled Pennsauken Solid Waste Management Authority, et al. v. Ward Sand Material Co., Inc., et al.,
filed in the Superior Court of New Jersey, Camden County under docket no. L-13345-91 or in any other New Jersey litigation regarding the subject matter of that suit; and it is further

ORDERED that this Court shall retain jurisdiction to hear and determine any disputes between the PCFA and DeSoto arising from or relating to the settlement referred to herein.

[2] Capitalized terms not defined herein shall have the same meaning ascribed to them in the Motion.

Bruce G. Arnold, Esq. Daryl L. Diesing, Esq. Patrick B. Howell, Esq. WHYTE HIRSCHBOECK DUDEK S.C.

555 East Wells Street, Suite 1900 Milwaukee, Wisconsin 53202-3819 Telephone: (414) 273-2100 Facsimile: (414) 223-5000 Contact Person:


David L. Eaton (ARDC No. IL 3122303) Anne M. Huber (ARDC No. IL 6226828) Tasneem K. Goodman (ARDC No. IL 6277779) KIRKLAND ELLIS LLP

200 East Randolph Drive Chicago, IL 60601-6636 Telephone: (312) 861-2000 Facsimile: (312) 861-2200 Contact Person: