Trustee Seeks Settlement With Directors Of Bankrupt Open Range Communications

WILMINGTON, Del. - The Chapter 7 trustee in the bankruptcy proceeding of Open Range Communications Inc. on Dec. 18 filed an emergency motion in the U.S. Bankruptcy Court for the District of Delaware calling for an order approving a settlement between himself and a group of defendants to avoid costly and complex litigation the trustee has filed to recover assets for the bankruptcy estate (Charles M. Forman v. One Equity Partners III, et al. [In Re: Open Range Communications Inc.], Adv. Proc. No. 12-50739, No. 11-13188, Chapter 7, D. Del. Bkcy.).

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