MEMORANDUM
R. THOMAS STINNETT, Bankruptcy Judge.
The court must decide whether to grant or deny a motion by the chapter 11 debtor, North American Royalties (NAR), to terminate medical and life insurance benefits for retirees. The beneficiaries include retired hourly employees and retired salaried employees. The court will refer to them as the hourly beneficiaries and the salaried beneficiaries.
Section 1114 of the bankruptcy code allows a...
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