- FRBP
In re Central Ill. Energy LLC
Dec
18
2008
Ruling
Repudiation by trustee necessitated denial of motion to approve settlement.
Procedural posture
Three joint movants, the chapter 7 trustee, the primary general contractor for the debtor's ethanol plan construction project, and the purchaser of substantially all of the debtor's assets, moved to approve a compromise pursuant to Bankruptcy Rule 9019. The proposed compromise was embodied in a contract entitled "Stipulation and Mutual Release of Claims". An objection to the motion for approval was filed by a company.
ABI Membership is required to access the full summary of In re Central Ill. Energy LLC Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: