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SECURITIES & EXCH. COM'N v. TEXAS INTERN. CO.

No. 78 C 847.

498 F.Supp. 1231 (1980)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. TEXAS INTERNATIONAL COMPANY, Defendant.

United States District Court, N. D. Illinois, E. D.

September 30, 1980.

Attorney(s) appearing for the Case

Ronald P. Kane, Dennis B. O'Boyle, Securities and Exchange Commission, Chicago, Ill., for plaintiff.

John J. Enright, Jeffrey R. Liebman, Arvey, Hodes, Costello & Burman, Chicago, Ill., Daniel S. Greenfeld, Marshall, Bratter, Greene, Allison & Tucker, New York City, for defendant.

MEMORANDUM DECISION

MARSHALL, District Judge.

This case involves the application of two complex sets of statutes. The first is Chapter X of the Bankruptcy Act, 11 U.S.C. §§ 501-676, relating to the reorganization of a corporate debtor so that its stockholders and creditors receive fair consideration of their claims and so that it emerges from the bankruptcy proceedings as a revitalized corporation with a sound financial structure; the second is...

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