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IN RE TEXACO, INC.

Bankruptcy Nos. 87 B 20142 to 87 B 20144.

90 B.R. 622 (1988)

In re TEXACO, INC., Texaco Capital, Inc., Texaco Capital, N.V., Debtors.

United States Bankruptcy Court, S.D. New York.

August 16, 1988.

Attorney(s) appearing for the Case

Weil Gotshal & Manges, New York City, for debtors.

Kramer, Levin, Nessen, Kamin & Frankel, New York City, for Gen. Committee.

Keck Mahin & Cate, Chicago, Ill., for Equity Committee.

Gordon Hurwitz Butowsky Weitzen Shalov & Wein, New York City, for the Icahn Group.

LeBoeuf, Lamb Leiby & MaCrae, S. Lewis, P.C. Pension Trust, Bernstein Litowitz Berger & Grossmann, Milberg Weiss Bershad Specthrie & Lerach, Law Offices of Joseph Weiss, Wolf Haldenstein Adler Freeman & Herz, New York City, for various shareholders and derivative plaintiffs.

DECISION ON FEE APPLICATION OF DERIVATIVE ATTORNEYS

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The plaintiffs' attorneys in state court derivative actions commenced on behalf of Texaco, Inc. have filed fee applications in the Texaco reorganization. These Derivative Attorneys seek $10,000,000 in fees and $165,630.84 in disbursements. The objectants, consisting of the equity holders and creditors committee, as well as individual shareholders of Texaco, Inc., assert...

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