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IN RE TEXACO INC.

Bankruptcy Nos. 87 B 20142-87 B 20144.

77 B.R. 433 (1987)

In re TEXACO INC., Texaco Capital Inc., Texaco Capital N.V., Debtors.

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

September 17, 1987.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for debtors.

Eldred, Clauer and Davis, Baton Rouge, La., for Plaquemines Parish Government.

Cleary, Gottlieb, Steen & Hamilton, New York City, for Industry Committee.

Kramer, Levin, Hessen, Kamin & Frankel, New York City, for General Committee.

Keck, Mahin & Cate, Chicago, Ill., for Equity Shareholders Committee.

DECISION ON MOTION FOR RELIEF FROM THE STAY OR FOR ABSTENTION

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The movant, Plaquemines Parish Government ("PPG"), seeks to modify the automatic stay imposed under 11 U.S.C. § 362(a) or for abstention pursuant to 28 U.S.C. § 1334(c) in order to permit PPG to proceed with litigation which it previously commenced in the state court in Louisiana for the purpose of obtaining a judgment dissolving a portion of a...

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