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IN RE STERN-SLEGMAN-PRINS CO.

Bankruptcy Nos. 84-00812-1-11 to 84-00816-1-11.

86 B.R. 994 (1988)

In re STERN-SLEGMAN-PRINS COMPANY, S.S.P. Realty Corporation, Braemoor Garment Co., Inc., Suburban Casuals, Inc., Westport Casuals, Inc., Debtors.

United States Bankruptcy Court, W.D. Missouri, W.D.

May 19, 1988.

Attorney(s) appearing for the Case

John Donner, Stinson, Mag & Fizzell, Overland Park, Kan., for debtors.

Paul Hoffman, Lathrop, Koontz, Righter, Clagitt & Norquist, Kansas City, Mo., for trustees, Slegman Trust, Boatmen's Bank.

Morris J. Levin, Levin & Weinhaus, St. Louis, Mo., and Marc Richards, Booth, Marcus & Pierce, New York City, for ILGWU Nat. Retirement Fund.

MEMORANDUM OPINION AND ORDER

KAREN M. SEE, Bankruptcy Judge.

Pending is debtors' Second Amended Plan of Reorganization.1 Debtors are substantively consolidated. At issue is a provision to subordinate claims arising under two stock repurchase agreements entered into August 3, 1965 between debtor Stern-Slegman-Prins Company ("Stern-Slegman") and shareholders Arthur Mag and Ferdinand Stern. The trustees of the Stern estate, Boatmen...

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