- FRBP
In re Diplomat Constr. Inc.
May
05
2011
Ruling
Trustee's motion for authorization to settle claims against bank granted over objection of debtor's former principals.
Procedural posture
A Chapter 7 trustee filed a motion pursuant to Fed. R. Bankr. P. 9019(a) for authorization to settle and compromise claims against a bank. The trustee sought to settle the remaining claims in an adversary action against the bank: fraud and misappropriation of trade secrets under Georgia law. Objections to the trustee's motion were filed by former principals of the debtor (the objectors).
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Court
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