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In re Sea Containers Ltd.

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.
Ruling: 
Settlement between debtor and pension scheme trustees approved.
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Commercial case opionion summary, case decided on September 19,2008, LexisNexis #1008-053