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IN RE O'NEILL ENTERPRISES, INC.

Bankruptcy No. 71-130-C, Misc. No. 80-0009-M-C.

11 B.R. 711 (1981)

In re O'NEILL ENTERPRISES, INC., Bankrupt. O'NEILL BONDHOLDERS COMMITTEE, and Gray Williams, Trustee in Bankruptcy for O'Neill Enterprises, Inc., Plaintiffs-Appellants, v. W.B. JOHNSON PROPERTIES, INC., Defendant-Appellee.

United States District Court, W.D. Virginia, Charlottesville Division.

April 22, 1981.

Attorney(s) appearing for the Case

Lloyd T. Smith, Jr., T. Munford Boyd, Charlottesville, Va., for plaintiffs-appellants.

H. Slayton Dabney, Jr., Charlottesville, Va., James R. Harlan, Jr., Atlanta, Ga., for defendant-appellee.

MEMORANDUM OPINION

MICHAEL, District Judge.

I. PROCEDURAL HISTORY OF THE CASE

Plaintiffs, Gray Williams, Trustee in Bankruptcy for O'Neill Enterprises, Inc. and the O'Neill Bondholders Committee, are appealing the July 29, 1980, Order of the Honorable H. Clyde Pearson, United States Bankruptcy Judge, wherein he denied plaintiffs' request that defendant, W.B. Johnson Properties, Inc. (hereinafter "Johnson Properties"), be required to purchase certain...

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