IN RE RESORTS INTERN., INC.

Bankruptcy Nos. 89-10119, 89-10120, 89-10461 and 89-10462.

145 B.R. 412 (1990)

In re RESORTS INTERNATIONAL, INC., Resorts International Financing, Inc. Griffin Resorts Holding, Inc., Griffin Resorts, Inc., Debtors.

United States Bankruptcy Court, D. New Jersey.

August 16, 1990.


Attorney(s) appearing for the Case

Ravin, Sarasohn, Cook, Baumgarten, Fisch & Baime by Robert A. Baime, Sharon L. Levine, Roseland, N.J., Gibson, Dunn & Crutcher by Stephen A. Kaplan, Bennett Silverman, Peter C. Rockwell, New York City, for debtors.

Shanley & Fisher by A. Dennis Terrell, Robert K. Malone, Morristown, N.J., Jones, Day, Reavis & Pogue by Marc S. Kirschner, Craig S. Gatarz, Peter Leib, New York City, for Combined Official Bondholder Committee of Resorts Intern., Inc. and Resorts Intern. Financing, Inc.

Wolff & Samson by Robert E. Nies, Roseland, N.J., Stutman, Treister & Glatt, P.C. by Kenneth N. Klee, Susan R. Purcell, Los Angeles, Cal., for Griffin Resorts, Inc., Noteholders Committee.

Gendel, Raskoff, Shapiro & Quittner by Bernard Shapiro, Sheri A. Bluebond, Los Angeles, Cal., for Merv Griffin.

Miller, Marvin, Dunham, Doering & Schreiber by Valerie J. Munson, Philadelphia, Pa., for Merv Griffin and Griffco Resorts Holding.

Willkie, Farr & Gallagher by Richard L. Posen, Myron Trepper, Sharon Schneier, New York City, for Trump Litigation defendants.

Wolf, Block, Schorr & Solis-Cohen by Marc L. Alderman, Philadelphia, Pa., for Trump defendants.

Schnader, Harrison, Segal & Lewis by Christine S. Levin, Philadelphia, Pa., for Bariscillo, Druz and Sviridoff.

Wilentz, Goldman & Spitzer by Anne S. Babineau, Francis X. Chiaffiotte, Woodbridge, N.J., for Housing Authority and Urban Redevelopment Agency of Atlantic City.

Leonard J. DiGiacomo, Asst. Counsel, State of N.J., Casino Control Com'n.

Mary Jo Flaherty, Deputy Atty. Gen., State of N.J., Div. of Gaming Enforcement.

Rosenman & Colin by Carl Diehl, New York City, for Drexel Burnham Lambert.

Greenfield & Chimicles by James R. Malone, Jr., Haverford, Pa., for Objectors to the Plan.

Fred Lowenschuss Associates by Fred Lowenschuss, Philadelphia, Pa., for Certain Resort Debentureholders including Fred Lowenschuss Associates Pension Plan, Fred Lowenschuss, trustee for Lawrence Lowenschuss, Edward Lowenschuss and Alan Lowenschuss and custodian for David Lowenschuss.

Mordecai Rosenfeld, P.C. by Mordecai Rosenfeld, New York City, for Kenwood Dual Fund, Ltd.


OPINION

ROSEMARY GAMBARDELLA, Bankruptcy Judge.

Before the Court is the Debtors' Second Amended Joint Plan of Reorganization under Chapter 11 of the United States Bankruptcy Code ("the Plan") dated May 31, 1990 submitted by Resorts International, Inc., ("Resorts"), Resorts International Financing, Inc., ("RIFI"), Griffin Resorts, Inc., ("GRI") and Griffin Resorts Holding, Inc., ("GRH"), all debtors herein collectively...

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