MATTER OF ENERGY CO-OP., INC.

Nos. 88-2408, 88-2409 and 88-2483.

886 F.2d 921 (1989)

In the Matter of ENERGY COOPERATIVE, INC., Debtor. Appeals of KOCH REFINING CO., Koch Fuels, Inc., Wood River Oil & Refining Co., Conoco Inc., Mobil Oil Corporation, Chevron U.S.A. Inc., Gulf Oil Corporation, Socap International, Ltd., U.S.A. Rookwood, Inc., Kerr-McGee Refining Corp., Triangle Refineries, Peerless Distributing, Valero Refining f/k/a Saber Refining, Union Oil Company of Calif., Tenneco Oil Company, Oils, Inc., Bell Fuels, Inc., Moore McCormack, Enron Oil Trading & Transportation Company, and Societe Nationale Pour La Recherche, La Production, Le Transport, La Transformation, et al Commercialisation des Hydrocarbures ("Sonatrach"), Appellants.

United States Court of Appeals, Seventh Circuit.

Decided September 28, 1989.

As Amended October 10, 1989.


Attorney(s) appearing for the Case

Louis W. Levit, Richard J. Mason, Levit & Mason, Michael R. Hassen, Joni L. Goldstein, Douglas J. Lipke, Lord, Bissell & Brook, Nathan P. Eimer, Sidley & Austin, Harry Coven, Gould & Ratner, Michael L. Shakman, Miller, Shakman, Nathan & Hamilton, Alan I. Greene, G. Scott Falknor, Chadwell & Kayser, Joseph L. Matz, Holleb & Coff, Joni L. Goldstein, Barbara Bertok, J. Robert Stoll, Stuart M. Rozen, Mary T. Donoghue, Mayer, Brown & Platt, Joanne M. Harmon, Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Chester H. Foster, Jr., Arnstein & Lehr, Chicago, Ill., for appellants.

Donald R. Cassling, Jenner & Block, Nathan P. Eimer, Sidley & Austin, Matthew J. Botica, Mary Kay McCalla, Hopkins & Sutter, Michael L. Shakman, Judith S. Wolicki, Miller, Shakman, Nathan & Hamilton, Stephen Schostok, Laser, Schostok, Kolman & Frank, David Heller, Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Dennis M. O'Dea, Keck, Mahin & Cate, Louis W. Levit, Levit & Mason, Norman H. Nachman, Winston & Strawn, S.J. Adelman, Sonnenschein, Carlin, Nath & Rosenthal, David J. Fischer, Wildman, Harrold, Allen & Dixon, Aaron J. Kramer, Schiff, Hardin & Waite, J. Patrick Herald, Baker & McKenzie, A. Bruce Schimberg, Nathan P. Eimer, Sidley & Austin, Steven P. Handler, McDermott, Will & Emery, Jacob Pomeranz, Michael T. Hannafan, Hannafan & Handler, Daniel M. Pelliccioni, Katten, Muchin & Zavis, Chicago, Ill., Patrick A. Murphy, Murphy, Weir & Butler, San Francisco, Cal., John R. Brandenburg, John K. Kallman, Rudnick & Wolfe, David Brown, Laurence H. Kallen, Arnstein & Lehr, James M. Breen, Chapman & Cutler, Chicago, Ill., M. McKevitt, Rosemont, Ill., W.H. Luking, Ross & Hardies, Milton L. Fisher, Mayer, Brown & Platt, Chicago, Ill., Michael J. Madigan, Akin, Gump, Strauss, Hauer & Feld, Washington, D.C., Floyd Babbitt, Berman, Fagel, Haber, Maragos & Abrams, William E. Kelly, Pope, Ballard, Shepard & Fowle, Malcolm M. Gaynor, Schwartz, Cooper, Kolb & Gaynor, Jay A. Steinberg, Schiller, Klein & Steinberg, Pamela S. Hollis, Hollis & Johnson, N.H. Nachman, Nachman, Munitz & Sweig, Michael R. Hassan, Lord, Bissell & Brook, Chicago, Ill., for appellees.

Before BAUER, Chief Judge, KANNE, Circuit Judge, and HENLEY, Senior Circuit Judge.


BAUER, Chief Judge.

These appeals are from orders entered by the district court in the Energy Cooperative, Inc. ("ECI") bankruptcy proceeding approving a Settlement Agreement and granting injunctive relief. The Settlement Agreement resolves nine lawsuits and several years of litigation. The parties to the Settlement Agreement are Jay A. Steinberg, the trustee in bankruptcy for ECI (the "Trustee"), the shareholders of ECI (known as the "Member-Owners"

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