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IN RE CAFFALL OIL CORPORATION

No. 5834.

22 F.Supp. 484 (1937)

In re CAFFALL OIL CORPORATION.

District Court, W. D. Louisiana, Lake Charles Division.

On Motion for a Preliminary Injunction February 18, 1938.

Attorney(s) appearing for the Case

Cline, Thompson & Lawes, of Lake Charles, La., and J. H. Heinen, of Jennings, La., for proponents.

Modisette & Adams, of Jennings, La., for opponents.

Dufour, St. Paul, Levy & Miceli, of New Orleans, La., for Canal Bank & Trust Co.

W. W. Heard, of Lake Charles, La., for Stanolind Oil & Gas Co.

DAWKINS, District Judge.

The Caffall Oil Corporation has proposed a plan of reorganization, which in substance provides that all of its capital stock shall be excluded from participation, and its bondholders, with claims in the principal amount $227,700 and $6,261.75 accrued interest, shall receive all of the stock of the reorganized corporation, amounting to the sum of $22,700 par value, or one-tenth of the face of the bonds; the only ordinary creditor being its...

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