In Re Southland Corp.

MEMORANDUM OPINION INVALIDATING ACCEPTANCE OF PRE-PACK-AGED PLAN * OF REORGANIZATION

HAROLD C. ABRAMSON, Bankruptcy Judge.

As a preliminary matter, the Court finds this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A) and (L). The following represents the Court’s findings of fact and conclusions of law enunciated on the record during the Confirmation Hearing convened on December 14, 1990, and continued on various dates thereafter, which are further expanded for the purposes of this Memorandum Opinion. The findings herein although in narrative form are intended to comply with Federal…