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IN RE MORTGAGE & REALTY TRUST

Bankruptcy No. 90-08976-SB.

123 B.R. 626 (1991)

In re MORTGAGE & REALTY TRUST, Debtor.

United States Bankruptcy Court, C.D. California.

January 23, 1991.

Attorney(s) appearing for the Case

Thomas Henry Coleman, Nick Franke and Mark Fields of Morgan, Lewis & Bockius, Los Angeles, Cal., for debtor.

Bernard Shapiro, P.C., and Daniel H. Slate of Gendel, Raskoff, Shapiro & Quittner, Los Angeles, Cal., for unsecured creditors committee.

Harvey Miller of Weil, Gotshal & Manges, New York City, for Prudential Capital Corp.

Robert Greenfield and Susan R. Purcell of Stutman, Treister & Glatt, Los Angeles, Cal., for equity committee.

Patrick Grannan of Greenfield & Chimicles, Los Angeles, Cal., for class action claimants.

Rebecca J. Winthrop of Kelley, Drye & Warren, Los Angeles, Cal., for Mfrs. Hanover.

Nathan Feinstein of Piper & Marbury, Washington, D.C., for T. Rowe Price Associates.

Neal Jensen, Asst. U.S. Trustee, D. Mont., Great Falls, Mont. for the U.S. Trustee.

OPINION ON CONDITIONS ON EMPLOYMENT OF FINANCIAL ADVISORS

SAMUEL L. BUFFORD, Bankruptcy Judge.

I. INTRODUCTION

The motions before the Court raise the issue of what conditions should be placed on the employment of investment advisors for the debtor and the committee of unsecured creditors in this case.

The Court holds that, while both the debtor and the creditors committee may employ investment...

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