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IN RE SOUTHLAND CORP.

Bankruptcy No. 390-37119-HCA-11.

124 B.R. 211 (1991)

In re The SOUTHLAND CORPORATION, Debtor-in-Possession.

United States Bankruptcy Court, N.D. Texas, Dallas Division.

March 1, 1991.

Attorney(s) appearing for the Case

J. Michael Sutherland of Vinson & Elkins, Dallas, Tex., Alesia Ranny Marinelli and Tom Allingham of Skadden Arps Slate Meager & Flom, Wilmington, Del., for debtor.

James E. Spiotto of Chapman and Cutler, Chicago, Ill. for Official Bondholders Committee.

Paul D. Wolfson of Milgrim, Thomajan & Lee P.C., New York City, for Unofficial Bondholders Committee.

Henry Simon of Simon, Anisman, Doby, Wilson & Skillern, Fort Worth, Tex., for Preferred Shareholder Group.

John Lee, for Securities & Exchange Com'n.

MEMORANDUM OPINION INVALIDATING ACCEPTANCE OF PRE-PACKAGED PLAN* OF REORGANIZATION

HAROLD C. ABRAMSON, Bankruptcy Judge.

As a preliminary matter, the Court finds this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A) and (L). The following represents the Court's findings of fact and conclusions of law enunciated on the record during the Confirmation Hearing convened on December 14, 1990, and continued on various dates...

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