IN RE AMAREX, INC.

Bankruptcy No. 82-2335-A.

53 B.R. 888 (1985)

In re AMAREX, INC., et al., Debtors.

United States Bankruptcy Court, W.D. Oklahoma.

October 18, 1985.


Attorney(s) appearing for the Case

Patricia M. Hynes and Edwin Mills of Milberg, Weiss, Bershad, Specthrie & Lerach, New York City, for class action plaintiffs.

John Hermes and Louis Price of McAfee & Taft, Oklahoma City, Okl., and Bob Jones of Thompson & Knight, Dallas, Tex., for Trade Creditors Committee.

Michael Dalton of Hutcheson & Grundy, Houston, Tex., for Limited Partners Committee.

Frank Monroe of Sheinfeld, Maley & Kay, Houston, Tex., for Continental Illinois Nat. Bank and Trust Co. of Chicago, The First Nat. Bank and Trust Co. of Oklahoma City, InterFirst Bank Dallas, N.A., and Security Pacific Nat. Bank.

John Buck of Bracewell & Patterson, Houston, Tex., for Templeton Energy, Inc.

John King of Fulbright & Jaworski, Houston, Tex., for Amarex, Inc.


MEMORANDUM OF DECISION

RICHARD L. BOHANON, Bankruptcy Judge.

Amarex is general partner of several oil and gas drilling partnerships. It and the partnerships are debtors in possession. Pursuant to 11 U.S.C. § 510(b) (Supp.1985) the proponent of a plan of reorganization now seeks to subordinate certain claims of the limited partners, who are plaintiffs in a class action complaint pending in the United States District...

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