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Federal Courts -
1st Circuit Court of Appeals - February 23 - March 1, 2007
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Morley v. Ontos, Inc. (In re Ontos, Inc.), Nos. 06-1512 and 06-1513,
UNITED STATES COURT OF APPEALS FOR THE FIRST CIRCUIT, March 1, 2007, Decided
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Overview: Trustee had authority to enter into a stipulation for waiver and release to settle claims for fraudulent transfer, breach of fiduciary duty, and alter ego liability brought by former employees against a debtor, its officers and directors, because the claims were property of the estate, and the bankruptcy court had jurisdiction over the stipulation.
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