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IN RE LOEWEN GROUP INTERNATIONAL, INC.

No. 99-1244 (PJW).

292 B.R. 522 (2003)

In re LOEWEN GROUP INTERNATIONAL, INC., a Delaware corporation, et al., Reorganized Debtors.

United States Bankruptcy Court, D. Delaware.

April 16, 2003.

Attorney(s) appearing for the Case

William H. Suddell, Jr., Michael G. Busenkell, Jason W. Harbour, Morris, Nichols, Arsht & Tunnell, Wilmington, DE, Richard M. Cieri, Jones Day, Cleveland, OH, R. Matthew Martin, Jones Day, Atlanta, GA, for the Reorganized Debtors.

William D. Sullivan, Elzufon, Austin, Reardon, Tarlov & Mondell, P.A., Wilmington, DE, David A. Golin, Gesas, Pilati, Gesas and Golin, Ltd., Chicago, IL, for Selling Shareholders.

MEMORANDUM OPINION

PETER J. WALSH, Chief Judge.

This opinion addresses the issue of whether a trustee's status as a bona fide purchaser of real property pursuant to 11 U.S.C. § 544(a)(3) is paramount to the right of an equitable trust beneficiary.1 Loewen Group International, Inc. ("Loewen") and Mt. Nebo of the Palm Beaches Memorial Gardens, Inc. ("Mt. Nebo", collectively with Loewen "Debtors"), are affiliated debtors in...

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