In re Central Ill. Energy LLC

Ruling: 
Repudiation by trustee necessitated denial of motion to approve settlement.
Procedural posture: 
Three joint movants, the chapter 7 trustee, the primary general contractor for the debtor's ethanol plan construction project, and the purchaser of substantially all of the debtor's assets, moved to approve a compromise pursuant to Bankruptcy Rule 9019. The proposed compromise was embodied in a contract entitled "Stipulation and Mutual Release of Claims". An objection to the motion for approval was filed by a company.
Issue: 
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Commercial case opionion summary, case decided on December 18,2008, LexisNexis #0209-063