Oz Master Fund, Ltd. v. Sun World International, Inc.
Opinion of the Court
MEMORANDUM
OZ Master Fund, Ltd. and OZF Credit Opportunities Master Fund, Ltd. (appel
We affirm the Bankruptcy Court’s approval of the initial settlement. In rejecting appellants’ arguments we find that (1) there was an adequate record before the Bankruptcy Court, (2) the record reflects that the Bankruptcy Court considered the requisite factors,
Appellants request for judicial notice is denied.
AFFIRMED.
This disposition is not appropriate for publica
. In In re A & C Properties, we held:
In determining the fairness, reasonableness and adequacy of a proposed settlement agreement, the court must consider: (a) The probability of success in the litigation; (b) the difficulties, if any, to be encountered in the matter of collection; (c) the complexity of the litigation involved, and the expense, inconvenience and delay necessarily attending it; (d) the paramount interest of the creditors and a proper deference to their reasonable views in the premises.
Reference
- Full Case Name
- In re: SUN WORLD INTERNATIONAL, INC., Debtor, Oz Master Fund, Ltd. v. Sun World International, Inc.
- Status
- Published