IN RE GENERAL HOMES CORP.

Bankruptcy Nos. 90-04810-H3-11, 02-00192-H3-11. Adv. No. 91-4367.

181 B.R. 870 (1994)

In re GENERAL HOMES CORPORATION and FGMC, Inc., Debtors. The OFFICIAL UNSECURED CREDITORS' COMMITTEE OF GENERAL HOMES CORPORATION, Plaintiffs, v. AMERICAN SAVINGS & LOAN ASSOCIATION OF FLORIDA, et al., Defendants.

United States Bankruptcy Court, S.D. Texas, Houston Division.

October 3, 1994.


Attorney(s) appearing for the Case

John F. Higgins, IV, Thomas H. Henderson, David C. McClain, Henry Flores, Sheinfeld, Maley & Kay, Houston, TX, for debtors.

Peter A. Franklin, III, Dean W. Ferguson, Locke Purnell Rain Harrell, Dallas, TX, for Lehman Bros., Inc.

William Schultz, Robert Noblitt, Jackson & Walker, Houston, TX, for Bank Group.

J.D. Page, Scott, Douglass & Luton, Houston, TX, for Milgrim Thomajon & Lee.

Arthur Ruegger, Peter D. Wolfson, Marcus, Montgomery, Wolfson & Burten, New York City, for Official Unsecured Creditors' Committee of General Homes Corp.

James P. Moon, Simpson & Dowd, Dallas, TX, for James P. Moon.

Robert S. Blanc, David Elder, Sewell & Riggs, Houston, TX, for Jackson Nat. Life Ins. Co.

Andrew Koslow, Andrea Brown, Brobeck, Phleger & Harrison, San Francisco, CA, for Bankers Trust Co.

Irving Picard, Ervin Pritchard, Gordon, Hurwitz, Butowsky, Weitzen, Shalov & Wein, New York City, for Dean Witter High Yield.

James Donnell, Andrews & Kurth, Houston, TX, for American Sav. & Loan Ass'n.

James P. Moon, Robert K. Dowd, Eric Leipins, Simpson Dowd & Moon L.L.P., Dallas, TX, Proposed Special Litigation Counsel, for Official Unsecured Creditors' Committee of General Homes Corp.

Robert K. Dowd, Simpson & Dowd, Dallas, TX, for Robert K. Dowd.

Thomas Godbold, Steven James, Fulbright & Jaworski, Houston, TX, for Arthur Andersen & Co.

Christopher Weil, Weil & Petrocchi, Dallas, TX, for Simpson, Dowd & Moon.

David Kirkendall, Don Christie, Kirkendall & Collins, Houston, TX, for Anthony Ben Walsh.

Seymour Licht, Scottsdale, AZ, Member of Official Unsecured Creditors' Committee of General Homes Corp.


MEMORANDUM OPINION

LETITIA Z. CLARK, Bankruptcy Judge.

The Official Unsecured Creditors' Committee of General Homes Corporation and their proposed special litigation counsel, Simpson, Dowd and Moon, have responded to an Order to Show Cause why they should not be sanctioned by this Court for civil contempt, violation of 11 U.S.C. § 362, and violation of Bankruptcy Rule 9011.

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