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Plaza Equities LLC v. Panker (In re Copperfield Invs. LLC)

Plaza Equities LLC v. Panker (In re Copperfield Invs. LLC)

Ruling
Settlement of dispute over debtor's interest in mortgages approved.
Procedural posture

A chapter 11 trustee filed a motion under Fed. R. Bankr. P. 9019 to approve a settlement agreement with a creditor. A group of entities holding the largest claims against the estate (entities) conditionally objected to the approval of the settlement. The entities contended that the settlement was only appropriate if the chapter 11 plan was confirmed.

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Commercial opinion summary, case decided on February 26, 2009 , LexisNexis #0509-113