Adv. Proc. No. 01-4257 (RJK)United States Bankruptcy Court, D. Minnesota
February 12, 2003
ORDER APPROVING PROPOSED SETTLEMENT AGREEMENTS
ROBERT J. KRESSEL, United States Bankruptcy Judge
This matter came on for hearing on February 12, 2003, on the Motion to Approve Proposed Settlement (the “Motion”) of James P. Stephenson, as trustee for the liquidation of MJK Clearing, Inc. (“Trustee”). The Court has jurisdiction over the Motion pursuant to 15 U.S.C. § 78aa, 78eee(a)(3), 78eee(b)(2) and 78eee(b)(4), 28 U.S.C. § 157 and 1334, F.R.Bankr.P. 5005 and Local Rule 1070-1. This proceeding is a core proceeding. Appearances were noted on the record. Based upon the Motion, responsive pleadings, if any, the arguments of counsel. and the record in this Case. the Court’s findings of facts and conclusions of law being stated on the record in open court:
IT IS HEREBY ORDERED THAT:
(1) The Motion is granted;
(2) The Trustee is authorized to enter into a Settlement (as defined in the Motion) with any Lender (as defined in the Motion) who accepts the Settlement in accordance with the terms and conditions of the Settlement, and the Settlement is approved in its entirety;
(3) The acceptance of the terms and conditions of the Settlement by a Lender shall be in full and complete satisfaction of the Lender’s claim(s) against the Debtor; and
(4) The Court shall retain jurisdiction to interpret the terms and conditions of this Order and any disputes the Settlement.