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IN RE SOUTHERN INDUS. BANKING CORP.

Bankruptcy No. 3-83-00372.

41 B.R. 606 (1984)

In re SOUTHERN INDUSTRIAL BANKING CORPORATION, d/b/a Daveco, Debtor.

United States Bankruptcy Court, E.D. Tennessee.

July 16, 1984.

Attorney(s) appearing for the Case

Frantz, McConnell & Seymour, Arthur G. Seymour, Sr., E. Bruce Foster, Jr., Knoxville, Tenn., for trustee.

Smith, Cohen, Ringel, Kohler & Martin, Michael S. Haber, Atlanta, Ga., Lockridge & Becker, James A. McIntosh, Knoxville, Tenn., for debtor.

Bernstein, Susano, Stair & Cohen, Bernard E. Bernstein, J. Thomas Jones, Knoxville, Tenn., for Creditors' Committee.

Irwin A. Deutscher, Nashville, Tenn., trustee.

Benesch, Friedlander, Coplan & Aronoff, Howard Sokolsky, H. Jeffrey Schwartzberg, Cleveland, Ohio, Caplin & Drysdale, Robert E. Mannion, Washington, D.C., for investors.

Dearborn & Ewing, James R. Kelley, Nashville, Tenn., for East Tennessee Bancorp, Inc.

Hunton & Williams, John A. Lucas, Knoxville, Tenn., for Bank of Commerce and East Tennessee Bancorp, Inc.

K. Rodney May, Washington, D.C., for Securities & Exchange Commission.

Dr. Roland E. Duncan, Creditor, pro se.

Peggy Golliher, Creditor, pro se.

Janet Ritter, Creditor, pro se.

MEMORANDUM ON APPLICATIONS FOR COMPENSATION BY ATTORNEYS AND ACCOUNTANTS FOR THE INVESTORS

CLIVE W. BARE, Bankruptcy Judge.

At issue is the reasonableness of accountant and attorney fees incurred by an investor group for services in connection with the debtor's chapter 11 plan. Because postconfirmation payment is sought from assets of the debtor's successor in interest, which has issued securities and acquired property under the reorganization...

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