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IN RE TOWNER PETROLEUM CO.

Bankruptcy No. BK-84-02814-P.

48 B.R. 182 (1985)

In re TOWNER PETROLEUM COMPANY, Debtor.

United States Bankruptcy Court, W.D. Oklahoma.

April 10, 1985.

Attorney(s) appearing for the Case

V. Burns Hargis and Ross A. Plourde of Reynolds, Ridings and Hargis, Oklahoma City, Okl., for Towner Petroleum Co.

Thomas A. Masterson, Thomas B. Kenworthy and Jami Wintz McKeon of Morgan, Lewis and Bockius, Philadelphia, Pa.; Thomas Henry Coleman, Mark C. Fields and John A. Belcher of Morgan, Lewis and Bockius, Los Angeles, Cal.; John T. Edwards of Monnet, Hayes, Bullis, Thompson and Edwards, Oklahoma City, Okl., for John T. Synnestvedt, et al.

D. Kent Meyers of Crowe and Dunlevy, Oklahoma City, Okl.; Daniel C. Stewart, W. Ted Minick and Russell L. Munsch of Winstead, McGuire, Sechrest and Minick, Dallas, Tex. for the Bank Group.

Robert C. Bailey of McClelland, Collins, Bailey, Bailey and Manchester, Oklahoma City, Okl. for the Official Unsecured Creditors' Committee.

MEMORANDUM OPINION AND ORDER

ROBERT L. BERRY, Bankruptcy Judge.

This matter comes on for consideration of motion for modification of the automatic stay, 11 U.S.C. § 362. After hearing argument of counsel and having examined the pleadings, legal memoranda and authorities cited therein, the Court finds as follows:

John T. Synnestvedt and others (hereinafter the "movants") are plaintiffs in a pending lawsuit in the United States District Court...

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