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IN RE THC FINANCIAL CORP.

Nos. 76-0493 and 76-0512.

446 F.Supp. 1329 (1977)

In re THC FINANCIAL CORP., a Hawaii Corporation, Debtor. In re The HAWAII CORPORATION, a Hawaii Corporation, Debtor.

United States District Court, D. Hawaii.

December 27, 1977.

Attorney(s) appearing for the Case

Tamotsu Tanaka, Izumi & Tanaka, Honolulu, Hawaii, Stephen P. Feldman, Stutman, Treister & Glatt, Los Angeles, Cal., for Trustee in Reorganization of THC Financial Corp.

Don Jeffrey Gelber, Honolulu, Hawaii, for Trustee in Reorganization of The Hawaii Corp.

Allen F. Corotto, San Francisco, Cal., for Securities and Exchange Commission.

Paul E. Maki, Honolulu, Hawaii, for Randolph Crossley.

Theodore A. Kolb, Robert E. Graham, Sullivan, Roche & Johnson, August B. Rothschild, Linda Sorensen, Rothschild, Phelan & Montali, San Francisco, Cal., Alan M. Goda, Kobayashi, Koshiba & Watanabe, Honolulu, Hawaii, for various former Officers and/or Directors of THC Financial and/or The Hawaii Corp.

MEMORANDUM DECISION*

ON

(1) THCF AMENDED MOTION TO REJECT EXECUTORY CONTRACTS FOR INDEMNITY OF OFFICERS AND DIRECTORS OR FOR ALTERNATIVE RELIEF,

AND

(2) THC AMENDED APPLICATION TO DETERMINE STATUS OF CLAIMS OF OFFICERS AND DIRECTORS FOR INDEMNITY, COSTS, AND EXPENSES

PENCE, District Judge.

Both The Hawaii Corporation (THC) and THC Financial Corporation...

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