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IN RE KELSO

Bankruptcy Nos. 393-37001-HCA-7, 393-35603-HCA-7 and 393-37001-HCA-7. Adv. No. 395-3500.

196 B.R. 363 (1996)

In re Malcolm M. KELSO, and Legal Econometrics, Inc., Debtors. John H. LITZLER, Trustee for Malcolm M. Kelso and Legal Econometrics, Inc., Plaintiff, v. AMERICAN ELK CONSERVATORY, INC.; Lodge at Chama, Inc.; Antigone Corporation; American Elk Conservatory Holdings, Inc.; Grady H. Vaughn, III; Walter O'Cheskey, Trustee; Gary W. Vaughn; GWV, Ltd.; Gary W. Vaughn Support Trust; The Grant Ellis Vaughn Trust No. 2; The Grady H. Vaughn, III Children's Trust No. 2; Regency Savings Bank, F.S.B.; Oyster Bay Financial, Inc.; and, The Grayrock Corporation, Defendants.

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

April 10, 1996.

Attorney(s) appearing for the Case

Robin E. Phelan, W. Alan Wright, Mark X. Mullin, Haynes & Boone, L.L.P., Dallas, TX, for Trustee John H. Litzler.

Jack L. Kinzie, Baker & Botts, L.L.P., Dallas, TX, for Regency Savings Bank, F.S.B.

Bruce W. Bowman, Jr., Sharla H. Myers, Vial, Hamilton, Koch & Knox, Dallas, TX, for Gary W. Vaughn, Gary W. Vaughn Support Trust, and G.W.V., Ltd.

Charles B. Hendricks, Dawson, Sodd, Cavazos, Hendricks & Poirot, P.C., Dallas, TX, for Gary H. Vaughn, III Children's Trust.

Max R. Tarbox, Lubbock, TX, for Walter O'Cheskey, Chapter 11 Trustee.

Vincent P. Slusher, Villareal & Slusher, L.L.P., Dallas, TX, for Antigone Corporation.

Mark D. Winnubust, Dallas, TX, for Grady H. Vaughn, III.

B. Keith Trent, Snell, Banowsky, McClure & Trent, P.C., Dallas, TX, for Oyster Bay Financial, Inc. and Grayrock Corporation.

Jay R. Kline, Kline & Kline, Dallas, TX, for Christine Vaughn.

MEMORANDUM OPINION ON MOTION TO DISMISS

HAROLD C. ABRAMSON, Bankruptcy Judge.

On the 7th day of November, 1995, John H. Litzler, Trustee for Malcolm M. Kelso and Legal Econometrics, Inc. (the "Debtor"), filed an adversary proceeding against Grady H. Vaughn, III Children's Trust No. 2 and the Grant Ellis Vaughn Trust No. 2; Regency Savings Bank, F.S.B.; Gary W. Vaughn; Gary W. Vaughn Support Trust; GWV, Ltd.; Walter O'Cheskey, Chapter 11 Trustee; Antigone...

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