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IN RE SAXON INDUSTRIES, INC.

Bankruptcy No. 82 B 10697 (EJR).

29 B.R. 320 (1983)

In re: SAXON INDUSTRIES, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

April 28, 1983.

Attorney(s) appearing for the Case

Burns Summit Rovins & Feldesman, Cahill, Gordon & Reindel, Sp. Counsel, New York City, for debtor.

Milbank, Tweed, Hadley & McCloy, New York City, for Equity Sec. Holders' Committee.

Jerome Feller, Asst. Regional Administrator, New York City, for Securities & Exchange Com'n.

Shea & Gould, New York City, for Creditors' Committee.

Zalkin, Rodin & Goodman, New York City, for Unofficial Committee of Bank Creditors.

White & Case, New York City, for Bankers Trust Co. as Indenture Trustee.

Wolf, Popper, Ross, Wolf & Jones, New York City, for class action plaintiffs.

DECISION AND ORDER ON APPLICATION BY EQUITY SECURITY COMMITTEE TO RETAIN ARTHUR ANDERSEN & CO. AS ACCOUNTANTS

EDWARD J. RYAN, Bankruptcy Judge.

The Committee of Equity Security Holders of Saxon Industries, Inc. (the "Equity Committee") seeks an order authorizing the employment of Arthur Andersen & Co., as accountants, pursuant to 11 U.S.C. § 1103. For the reasons set forth below, the application is granted.

On June 30, 1982, the court...

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