Court Opinion

ID: 9636741
Source: CourtListenerOpinion
Date Created: 2023-08-22 14:41:28.149102+00
Date Added: 2024-06-11T18:09:48.804612
License: Public Domain

WILLIAMS, Circuit Judge
(concurring).
I concur with the conclusion reached by Circuit Judge PHILLIPS to affirm the orders of the trial court, but in so doing, it is not to be understood that I express any opinion as to whether the Deep Rock Oil Corporation was an instrumentality of the Standard Gas and Electric Company.
The special master found that the factual and legal issues were debatable; that the compromise was fair; that its acceptance was for the best interest of the estate, and recommended its approval.
For a number of years he was solicitor for the Interior Department in Washington, D. C., the same position formerly held by the Flonorable Willis Van Devanter, Justice of the Supreme Court of the United States. He is also a former president of the Oklahoma Bar Association, and one of the leading lawyers of the state.
The attorney for the trustee is a former member of the Supreme Court of Oklahoma, also a former president of the Oklahoma Bar Association, and one of the leading lawyers of the state.
In oral argument before the court on this hearing, he stated that in his opinion the factual and legal issues were debatable and that caused him to recommend that the proposed compromise be accepted. The trial court approved same.
Section 77B, 11 U.S.C.A. § 207 and notes, was enacted in legislation to rehabilitate business.
No fraud appears in the record.
I conclude that the orders of the lower court should here be affirmed.