Legal Opinion

Landmark Land Co. of Carolina v. Resolution Trust Corp. (In Re Landmark Land Co. of Oklahoma)

District Court, D. South Carolina

Decided December 3, 1991No. Civ. A. Nos. 2:91-3134-1 to 2:91-3139-1, Bankruptcy Nos. 91-05814 to 91-05819, Adv. Nos. 91-8274 to 91-8277, and 91-8287PublishedCited by 5 opinions

1Opinion of the Court

ORDER

HAWKINS, Chief Judge.

This action is a consolidated action of the six above-captioned adversary cases. The above-referenced bankruptcy cases are jointly administered. The matter before the court is the motion of Resolution Trust Corporation (RTC) as conservator of Oak Tree Federal Savings Bank (New Oak Tree) to stay the preliminary injunction issued in the adversary cases by this court on October 30, 1991. The RTC’s motion came on for hearing on November 25, 1991. The legal arguments and the evidence presented were essentially the same as were presented in the preliminary injunction…

2Cases cited4 opinions

  1. Blackwelder Furniture Company of Statesville, Inc. v. Seilig Manufacturing Company, Inc.Court of Appeals for the Fourth Circuit · 1977
  2. Manville Corp. v. Equity Security Holders Committee (In re Johns-Manville Corp.)Court of Appeals for the Second Circuit · 1986
  3. Manville Corp. v. Equity Security Holders Committee (In Re Johns-Manville Corp.)United States Bankruptcy Court, S.D. New York · 1985
  4. Manville Corp. v. Equity Security Holders Committee (In Re Johns-Manville Corp.)United States Bankruptcy Court, S.D. New York · 1986

3Cited by5 opinions

  1. In Re Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation, Debtor. Landmark Land Company of Carolina, Incorporated, a Delaware Corporation Clock Tower Place Investments, Limited, a California Corporation Landmark Land Company of California, Incorporated, a Delaware Corporation Landmark Land Company of Florida, Incorporated, a Delaware Corporation Landmark Land Company of Louisiana, Incorporated, a Louisiana Corporation Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation v. Resolution Trust Corporation, as Conservator for Oaktree Federal Savings Bank, Landmark Communities Committee, Incorporated, Intervenor, Official Unsecured Creditors' Committee, Intervenor, and Oaktree Savings Bank, S.S.B., a Savings Bank Chartered by the State of Louisiana, United States Trustee, Party in Interest. In Re Landmark Land Company of Oklahoma, Incorporated, a Delaware Corporation, Debtor. Landmark Land Company of Carolina, Incorporated, a Delaware Corporation Clock Tower Place Investments, Limited, a California Corporation Landmark Land Company of California, Incorporated, a Delaware Corporation Landmark Land Company of Florida, Incorporated, a Delaware Corporation Landmark Land Company of Louisiana, Incorporated, a Louisiana Corporation Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation v. Resolution Trust Corporation, as Conservator for Oaktree Federal Savings Bank, and Oaktree Savings Bank, S.S.B., a Savings Bank Chartered by the State of Louisiana, United States Trustee, Party in Interest. In Re Clock Tower Place Investments, Limited, a California Corporation, Debtor. Landmark Land Company of Carolina, Incorporated, a Delaware Corporation Clock Tower Place Investments, Limited, a California Corporation Landmark Land Company of California, Incorporated, a Delaware Corporation Landmark Land Company of Florida, Incorporated, a Delaware Corporation Landmark Land Company of Louisiana, Incorporated, a Louisiana Corporation Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation v. Resolution Trust Corporation, as Conservator for Oaktree Federal Savings Bank, and Oaktree Savings Bank, S.S.B., a Savings Bank Chartered by the State of Louisiana, United States Trustee, Party in Interest. In Re Landmark Land Company of California, Incorporated, a Delaware Corporation, Debtor. Landmark Land Company of Carolina, Incorporated, a Delaware Corporation Clock Tower Place Investments, Limited, a California Corporation Landmark Land Company of California, Incorporated, a Delaware Corporation Landmark Land Company of Florida, Incorporated, a Delaware Corporation Landmark Land Company of Louisiana, Incorporated, a Louisiana Corporation Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation v. Resolution Trust Corporation, as Conservator for Oaktree Federal Savings Bank, and Oaktree Savings Bank, S.S.B., a Savings Bank Chartered by the State of Louisiana, United States Trustee, Party in Interest. In Re Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation, Debtor. Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation, Landmark Land Company of Carolina, Incorporated, a Delaware Corporation Clock Tower Place Investments, Limited, a California Corporation Landmark Land Company of California, Incorporated, a Delaware Corporation Landmark Land Company of Florida, Incorporated, a Delaware Corporation Landmark Land Company of Louisiana, Incorporated, a Louisiana Corporation v. Resolution Trust Corporation, as Conservator for Oaktree Federal Savings Bank, and Oaktree Savings Bank, S.S.B., a Savings Bank Chartered by the State of Louisiana, United States Trustee, Party in Interest. In Re Landmark Land Company of Florida, Incorporated, a Delaware Corporation, Debtor. Landmark Land Company of Carolina, Incorporated, a Delaware Corporation Clock Tower Place Investments, Limited, a California Corporation Landmark Land Company of California, Incorporated, a Delaware Corporation Landmark Land Company of Florida, Incorporated, a Delaware Corporation Landmark Land Company of Louisiana, Incorporated, a Louisiana Corporation Landmark Land Company of Oklahoma, Incorporated, an Oklahoma Corporation v. Resolution Trust Corporation, as Conservator for Oaktree Federal Savings Bank, and Oaktree Savings Bank, S.S.B., a Savings Bank Chartered by the State of Louisiana, United States Trustee, Party in InterestCourt of Appeals for the Fourth Circuit · 1992
  2. In Re Landmark Land Company of Carolina, Incorporated, a Delaware Corporation, Debtors. Landmark Land Company of Carolina, Incorporated, Etc., Debtors-Appellants, Resolution Trust Corporation, a Receiver (Formerly Conservator) for Oak Tree Federal Savings Bank, Creditor-Appellant v. D. Scott Cone John Wilson Reed, Bernard G. Ille, Claimants-Appellees, Jones, Day, Reavis & Pogue McGlinchey Stafford & Lang McNair & Sanford, P.A., Parties in Interest-Appellees, Alpha Nursery, Incorporated, Creditors, 88314 Ontario Limited, Bureau of Indian Affairs, Us Trustee, Trustee. In Re Landmark Land Company of Carolina, Incorporated, a Delaware Corporation, Debtors. Landmark Land Company of Carolina, Incorporated, Etc., Debtors-Appellees, Resolution Trust Corporation, a Receiver (Formerly Conservator) for Oak Tree Federal Savings Bank, Creditor-Appellee v. Gerald G. Barton, Claimants-Appellants, Jones, Day, Reavis & Pogue McGlinchey Stafford & Lang McNair & Sanford, P.A., Parties in Interest, Alpha Nursery, Incorporated, Creditors, 88314 Ontario Limited, Bureau of Indian Affairs, Us Trustee, Trustee. In Re Landmark Land Company of Carolina, Incorporated, a Delaware Corporation, Debtors. Landmark Land Company of Carolina, Incorporated, Etc., Debtors-Appellees, Resolution Trust Corporation, a Receiver (Formerly Conservator) for Oak Tree Federal Savings Bank, Creditor-Appellee v. McNair & Sanford, P.A., Party in Interest-Appellant, Jones, Day, Reavis & Pogue McGlinchey Stafford & Lang, Parties in Interest, Alpha Nursery, Incorporated, Creditors, 88314 Ontario Limited, Bureau of Indian Affairs, Us Trustee, Trustee. In Re Landmark Land Company of Carolina, Incorporated, a Delaware Corporation, Debtors. Landmark Land Company of Carolina, Incorporated, Etc., Debtors-Appellees, Resolution Trust Corporation, a Receiver (Formerly Conservator) for Oak Tree Federal Savings Bank, Creditor-Appellee v. McGlinchey Stafford & Lang, Party in Interest-Appellant, Jones, Day, Reavis & Pogue McNair & Sanford, P.A., Parties in Interest, Alpha Nursery, Incorporated, Creditors, 88314 Ontario Limited, Bureau of Indian Affairs, Us Trustee, Trustee. In Re Landmark Land Company of Carolina, Incorporated, a Delaware Corporation, Debtors. Landmark Land Company of Carolina, Incorporated, Etc., Debtors-Appellees, Resolution Trust Corporation, a Receiver (Formerly Conservator) for Oak Tree Federal Savings Bank, Creditor-Appellee v. Jones, Day, Reavis & Pogue, Party in Interest-Appellant, McNair & Sanford, P.A. McGlinchey Stafford & Lang, Parties in Interest, Alpha Nursery, Incorporated, Creditors, 88314 Ontario Limited, Bureau of Indian Affairs, Us Trustee, Trustee. In Re Landmark Land Company of Carolina, Incorporated, a Delaware Corporation, Debtors. Landmark Land Company of Carolina, Incorporated, Etc., Debtors-Appellants, Resolution Trust Corporation, a Receiver (Formerly Conservator) for Oak Tree Federal Savings Bank, Creditor-Appellant v. D. Scott Cone John Wilson Reed, Bernard G. Ille, Claimants-Appellees, Jones, Day, Reavis & Pogue McGlinchey Stafford & Lang McNair & Sanford, P.A., Parties in Interest-Appellees, Alpha Nursery, Incorporated, Creditors, 88314 Ontario Limited, Bureau of Indian Affairs, Us Trustee, TrusteeCourt of Appeals for the Fourth Circuit · 1996
  3. Landmark Land Co. of Carolina, Inc. v. ConeCourt of Appeals for the Fourth Circuit · 1996
  4. Landmark Land Co. of Carolina v. Resolution Trust Corp. (In re Landmark Land Co. of Oklahoma)Court of Appeals for the Fourth Circuit · 1992
  5. RTC v. BartonDistrict Court, E.D. Louisiana · 1999

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