IN RE GLOBAL MARINE, INC.

Bankruptcy Nos. 86-00771-H2-11 to 86-00782-H2-11, 86-01308-H2-11 and 86-11035-H2-11.

108 B.R. 998 (1987)

In re GLOBAL MARINE, INC., Global Marine Drilling Company, Global Marine Deepwater Drilling Inc., Global Marine Australia Inc., Global Marine West Africa Inc., Global Marine Baltic Inc., Global Marine North Sea Inc., Challenger Minerals Inc., Global Marine Adriatic Inc., Global Marine Bismark Sea Inc., Global Marine Nautilus Inc., Global Marine Development Inc., GMI International Finance N.V., and Global Marine Corporate Services, Inc., Debtors, Jointly Administered.

United States Bankruptcy Court, S.D. Texas, Houston Division.

September 28, 1987.


Attorney(s) appearing for the Case

D.J. Baker, Marta G. Andrews, Weil, Gotshal & Manges, Houston, Tex., for debtors.

Harvey S. Schochet, Christine A. Murphy, Jayne A. Peeters, Steefel, Levitt & Weiss, San Francisco, Cal., Daniel C. Stewart, Bill H. Brister, J. Maxwell Tucker, Winstead, McGuire, Sechrest & Minick, Dallas, Tex., for MCCC Corp. and The Bank of New York.

Richard J. Tannenbaum, MCCC Corp., Stanford, Conn., David Mahle, Jane Sweeney, Emmett, Mervin & Martin, New York City, John L. King, Candace S. Shiffman, Fulbright & Jaworski, Houston, Tex., for Bank of America Syndicates.

Thad Grundy, Hutcheson & Grundy, Houston, Tex., Thomas J. Maloney, Cleary, Gottlieb, Steen & Hamilton, New York City, for Grindlays Syndicate.

Myron Sheinfeld, Henry Kaim, Sheinfeld, Maley & Kay, Houston, Tex., for the Official Creditors' Committee of Global Marine, Inc.


MEMORANDUM OPINION

RANDOLPH F. WHELESS, Jr., Chief Judge.

This matter comes on as objections to the application of Weil, Gotshal & Manges for interim allowance of compensation.

Global Marine, Inc. ("GMI") and its 13 subsidiaries, including Global Marine Deepwater Drilling, Inc. ("GMDDI"), have commenced cases under Chapter 11. By Order of this Court, the cases were consolidated for administrative purposes and are being jointly administered. With...

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