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IN RE FCX, INC.

No. 85-1600-CIV-5.

60 B.R. 405 (1986)

In re FCX, INCORPORATED.

United States District Court, E.D. North Carolina, Raleigh Division.

April 14, 1986.

Attorney(s) appearing for the Case

A.P. Carlton, Jr., John J. Butler, William H. McCullough, Sanford, Adams, McCullough & Beard, Raleigh, N.C., for debtor.

Lacy H. Reaves, Stephen B. Brown, Raleigh, N.C., for the Committee of Unsecured Creditors of FCX, Inc.

Lynn Bernstein, Howard Glassman, Philadelphia, Pa., for Columbia Bank of Cooperatives.

T. Carl Younger, Jr., Raleigh, N.C., for Texasgulf Chemicals Co., Div. of Texasgulf, Inc.

Robert B. Broughton, Raleigh, N.C., for N.C. Farm Bureau Federation, Inc.

ORDER

JAMES C. FOX, District Judge.

This matter is presently before the court on appeal from the Memorandum Opinion and Order entered on October 25, 1985, by the Honorable A. Thomas Small, Bankruptcy Judge, Eastern District of North Carolina.1 In this order, Judge Small allowed FCX, Inc. (hereinafter "FCX") to pay certain pre-petition debts to employees in the amounts of $1,171,245.67...

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