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

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.
Claims for breach of fiduciary duty against directors of debtor were property of the estate and could be settled by trustee.
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