- FRBP
In re Sea Containers Ltd.
Sep
19
2008
Ruling
Settlement between debtor and pension scheme trustees approved.
Procedural posture
The debtors and pension scheme trustees moved for the approval of a settlement agreement pursuant to 11 U.S.C.S. § 363(b) and Fed. R. Bankr. P. 9019. The settlement proposed to resolve the claims filed by the scheme trustees in amounts in excess of $ 240 million on behalf of the two pension scheme funds and the debtors' pension funding obligations. The committee of unsecured creditors opposed the settlement.
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Court
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