KIRK v. TEXACO, INC.

No. 88 Civ. 0671 (CLB).

82 B.R. 678 (1988)

C.J. KIRK, et al., Appellants, v. TEXACO, INC., Texaco Capital, Inc., Texaco Capital N.V., et. al., Appellees.

United States District Court, S.D. New York, White Plains Division.

February 9, 1988.


Attorney(s) appearing for the Case

Milberg, Weiss, Bershad, Specthrie & Lerach by Melvyn I. Weiss, Bernstein, Litowitz, Berger & Grossman by Ronald Litowitz, Wolf, Haldenstein, Adler, Freeman & Herz by Daniel W. Krasner, Eric Levine, Anderson, Russell, Kill & Olick, by Roy Babbitt, Goodkind, Wechsler, LaBaton & Rudoff, by Lawrence A. Sucharow, New York City, Greenfield & Chimicles by Kenneth Jacobsen, Haverford, Pa., for appellants.

Weil, Gotshal & Manges by Harvey Miller, Jeff Friedman, Michael Kessler, New York City, for appellees Texaco, Inc.

Stutman, Treister & Glatt, P.C. by Isaac Pachulski, Los Angeles, Levin, Weintraub & Crames by Myron Trepper, New York City, for appellees Pennzoil Co.

Kramer, Levin, Nesser, Kamin & Frankel by Kenneth H. Eckstein, Joel Zweibel, New York City, for General Creditors' Committee.

Keck, Mahin & Cate by Dennis M. O'Dea, Brian P. Netols, Chicago, Ill., for Committee of Equity Sec. Holders.

Nathan M. Fuchs, New York City for U.S. Sec. & Exchange Comm'n.


BRIEANT, Chief Judge.

Texaco, Inc., together with Texaco Capital, Inc. and Texaco Capital N.V. (collectively "Texaco" or "the debtor"), has a Chapter 11 proceeding pending in this district. On appeal pursuant to an Order to Show Cause granted by this Court on February 1, 1988, and heard and fully submitted on February 4, 1988, certain stockholders of Texaco, Inc.1 (the "Appellants") seek relief, under Bankruptcy Rule ("B.R.") 8001(b),...

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