3rd Circuit: Settlement Was Not Reached In Error In Bankruptcy Case

PHILADELPHIA - A panel of the Third Circuit U.S. Court of Appeals on April 17 affirmed a bankruptcy court's ruling that approved a settlement between a company's bankruptcy estate and a party against whom the estate had a claim, ruling that no error was committed in reaching the agreement (In Re: Summit Metals Inc.,  No. 11-2112, Chapter 11, 3rd Cir.; 2012 U.S. App. LEXIS 7640).

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