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Home / Opinion Digests / LeClairRyan trustee’s $21M settlement OK’d (access required)

LeClairRyan trustee’s $21M settlement OK’d (access required)

Where a settlement between the LeClairRyan trustee and defendants will result in the payment of $21 million to the debtor’s estate, the probability of success on the merits was not certain, litigation would be lengthy, expensive and complex, and the settlement would benefit the creditors, it was approved. Background Lynn Tavenner, in her capacity as the Chapter ...