Search Opinion

In re Applied Theory Corp.

The chapter 11 trustee moved for authorization to enter into a settlement agreement with the secured lenders of the debtor. The motion was opposed by the creditors' committee, which generally argued that aspects of the settlement were contrary to law and prejudicial to the debtors'unsecured creditor community and administrative expense creditors.
Ruling: 
Settlement disapproved as prejudicial to unsecured creditors and administrative expense creditors.
ABI Membership is required to access the full summary of In re Applied Theory Corp.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on April 24,2008, LexisNexis #0608-140