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In re Teknek LLC

In re Teknek LLC

Ruling
Settlement agreement approved as in best interests of estate.
Procedural posture

A chapter 7 trustee filed a motion under Fed. R. Bankr. P. 9019(a) for authority to compromise claims with the individual owners and a non-debtor corporate affiliate of the debtor. The motion was opposed by a former special counsel to the chapter 7 trustee and holder of an administrative claim.

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Commercial opinion summary, case decided on March 13, 2009 , LexisNexis #0409-070