Trustee: Confidential Payment Would Settle Toshiba's Claims Against Circuit City

RICHMOND, Va. - The trustee in the Chapter 11 bankruptcy of Circuit City Stores Inc. on Dec. 3 moved in the U.S. Bankruptcy Court for the Eastern District of Virginia seeking an order under which Toshiba America Information Systems Inc. will make a confidential payment to the Circuit City Liquidating Trust to avoid litigation over disputed claims against the estate (In Re: Circuit City Stores Inc., No. 08-35653, Chapter 11, E.D. Va. Bkcy.).

Access this news story on lexis.com®