Crown Paper Liquidating Trust, v. American International Group, Inc. et al

Filing 107

ORDER GRANTING MOTION FOR DISMISSAL OF ALL PENDING CLAIMS WITH PREJUDICE. Signed by Judge Maxine M. Chesney on December 9, 2008. (Attachment: # 1 Exhibit A to Motion) (mmclc1, COURT STAFF) (Filed on 12/9/2008)

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Exhibit A Entered on Docket November 26, 2008 GLORIA L. FRANKLIN, CLERK U.S BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA 1 2 3 4 5 6 7 8 9 10 PACHULSKI S T A N G ZIEHL & J O N E S LLP David W. Trench, Esq. (FBN 202975, admitted pro hac vice) BILZIN SUMBERG BAENA PRICE & AXELROD LLP Signed: November 24, 2008 2500 Wachovia Financial Center 200 South Biscayne Boulevard Miami, Florida 33131 Telephone: (305) 374-7580 ________________________________________ Facsimile: (305) 374-7593 RANDALL J. NEWSOME U.S. Bankruptcy Judge Debra Grassgreen, Esq. (CA Bar No. 169978) Pamela E. Singer, Esq. (CA Bar No. 224758)________________________________________ PACHULSKI STANG ZIEHL & JONES LLP 150 California Street, 15th Floor San Francisco, California 94111-4500 Telephone: (415) 263-7000 Facsimile: (415) 263-7010 Co-Counsel for Jeffrey H. Beck, LIQUIDATING TRUSTEE OF THE CROWN PAPER LIQUIDATING TRUST UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA OAKLAND DIVISION In re CROWN VANTAGE, INC., CROWN PAPER CO., Debtors. ) ) ) ) ) ) ) ) ) ) ) ) Case No. 00-41584 (RN) (Jointly Administered) Chapter 11 ORDER GRANTING MOTION BY LIQUIDATING TRUSTEE PURSUANT TO F.R.B.P. 9019 TO APPROVE COMPROMISE OF CONTROVERSY 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ATTORNEYS AT LAW S A N FRA N C I S C O , C A L I F O R N I A The Court has considered the Request for Order by Default Granting Motion by Liquidating Trustee Pursuant to F.R.B.P. 9019 to Approve Compromise of Controversy (the "Default Request") and the Motion by Liquidating Trustee Pursuant to F.R.B.P. 9019 to Approve Compromise of Controversy (the "Motion"). Unless otherwise defined herein, capitalized terms have the meanings ascribed to them in the Default Request or the Motion, as applicable. The Court finds that notice of the Motion was appropriate, the settlement embodied within the Settlement Agreement submitted with the Motion, and submitted herewith as Exhibit A, is reasonable and in the best interest of the estates and their creditors; and that the Motion and the DOCS_SF:61507.1 1 Doc #: 2158 Case: 00-41584 Filed: 11/24/2008 ORDER GRANTING MOTION BY LIQUIDATING TRUSTEE PURSUANT TO F.R.B.P. 9019 TO APPROVE COMPROMISE OF CONTROVERSY Page 1 of 3 1 2 3 4 5 6 7 8 9 10 PACHULSKI S T A N G ZIEHL & J O N E S LLP supporting declaration establish that the settlement described in the Motion and as set forth in the Settlement Agreement meets the Ninth Circuit's standards for approval of a compromise and settlement. Based upon the foregoing, and upon all the papers filed in support of the Motion and in support of the Default Request, and sufficient cause appearing therefore; it is hereby ORDERED as follows: 1. 2. 3. The Default Request is granted; The Motion is granted; The Settlement Agreement submitted herewith as Exhibit A is approved and the Liquidating Trustee is authorized to enter into the Settlement Agreement; 4. The parties to the Settlement Agreement are authorized and directed to take any and 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 all necessary actions and to execute any and all necessary documents to effectuate and implement the terms of the Settlement Agreement; 5. This Court shall retain jurisdiction with respect to all matters arising from or related ATTORNEYS AT LAW S A N FRA N C I S C O , C A L I F O R N I A to the implementation of this Order. Exhibit A to this Order was filed as docket no. 2154. ** END OF ORDER ** DOCS_SF:61507.1 2 Doc #: 2158 Case: 00-41584 Filed: 11/24/2008 ORDER GRANTING MOTION BY LIQUIDATING TRUSTEE PURSUANT TO F.R.B.P. 9019 TO APPROVE COMPROMISE OF CONTROVERSY Page 2 of 3 1 2 3 4 5 6 7 8 9 10 PACHULSKI S T A N G ZIEHL & J O N E S LLP Court Service List Service shall be effected pursuant to that Order Authorizing the Retention and Employment of Logan & Company, Inc. as Claims Agent for Debtors and as Noticing Agent for Clerk of the Bankruptcy Court Pursuant to 28 U.S.C. 156(c) Nunc Pro Tunc, entered on April 5, 2000 [Docket No. 62]. 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 DOCS_SF:61507.1 ATTORNEYS AT LAW S A N FRA N C I S C O , C A L I F O R N I A 1 Doc #: 2158 Case: 00-41584 Filed: 11/24/2008 ORDER PARTIALLY SUSTAINING LIQUIDATING TRUSTEE'S OMNIBUS OBJECTION NO. 14 TO CERTAIN CLAIMS Page 3 of 3

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