On Dec 18, 2001
Jon Enslin sent me the following on Borne Chemical Company:

Robert:

You asked for information regarding Borne Chemical Company on your
Standard Oil web-site.  Here is what I know:

Borne Chemical participated in a lot of "back-room" functions including
waste oil recycling and petroleum blending.  In the 1970s, in response
to high petroleum prices, they saw an opportunity to acquire, recycle,
and sell waste petroleum cheaper than it cost to purchase new petroleum
from foreign sources.

After investing a bunch of money into this process, petroleum prices
dropped back down in the early 80s making the recycled waste oil
business quite unprofitable.  They declared backruptcy in 1984 but not
after shareholders sued the company's board of directors causing quite a
stir.

The web-site you reference has to do with a decision during their
bankruptcy proceedings dealing with some minute detail of bankruptcy
law.

Hope this helps.

Jon

Note: the website was -
http://www.usdoj.gov/usao/eousa/foia_reading_room/usam/title4/civ00056.htm