Morley v. Ontos Inc. (In re Ontos Inc.)

Pre 2005-Act: 
Pre 2005-Act
Claims for breach of fiduciary duty against directors of debtor were property of the estate and could be settled by trustee.
Procedural posture: 
Appellants, former employees of debtor corporation and alleged creditors, challenged an order from the District Court for the District of Massachusetts that affirmed a bankruptcy court's approval of a stipulation for waiver and release entered by the trustee for the bankruptcy estate with appellees, debtor's corporate officers, shareholders, and board members.
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