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IN RE TEXAS INTERN. CORP.

No. 91-6402.

974 F.2d 1246 (1992)

In re TEXAS INTERNATIONAL CORPORATION, Debtor. DAIS-NAID, INCORPORATED, formerly known as Arthur Lipper Corporation, Appellant, v. PHOENIX RESOURCE COMPANIES, INCORPORATED; Goldman, Sachs and Company, Appellees.

United States Court of Appeals, Tenth Circuit.

September 10, 1992.

Attorney(s) appearing for the Case

Stephen W. Elliott and Steven J. Goetzinger of Pringle & Pringle, Oklahoma City, Okl., for appellant.

Kwame T. Mumina and Gary S. Chilton of Andrews Davis Legg Bixler Milsten & Price, Oklahoma City, Okl., and Theodore Gewertz of Wachtell Lipton Rosen & Katz, New York City, for appellees.

Before MOORE, BARRETT, and BRORBY, Circuit Judges.

PER CURIAM.

This case began as an adversary suit arising from the bankruptcy proceedings of Texas International Corporation. Pursuant to the terms of a confirmed reorganization plan, on November 16, 1990, Arthur Lipper, III was elected to the board of directors of the reorganized entity, Appellee Phoenix Resource Companies, Inc. That same date, the majority shareholder of Phoenix Resource, Goldman, Sachs & Co., voted to remove Lipper from the board, pursuant to...

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