This matter came before the Court on a motion to enforce a settlement agreement to resolve a disputed claim and require the Trustee to present the settlement for Court approval under Rule 9019. The Trustee asserted that the settlement agreement was only tentative as it was subject to conditions precedent that were not satisfied. The Court found that the parties had entered into a binding settlement agreement. However, a further hearing would be needed for the Court to approve the settlement agreement as fair and equitable and in the best interests of the estate.
Monday, December 16, 2019