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Furniture Brands International Stipulations Filed

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Furniture Brands International filed with the U.S. Bankruptcy Court two separate motions to approve a compromise under Rule 9019 // motion seeking approval of stipulation by and between Debtors and Amy Haley resolving claim 3611/David A. Pither Patterson resolving claim 3417 and related litigation. The motions explain, “Pursuant to the Stipulation, Claim 3611 will be deemed liquidated and allowed in the aggregate amount of $500,000.00 (the ‘Allowed Claim’). For purposes of the Plan, the Parties agree that the Allowed Claim will be treated as an Allowed Class 4C General Unsecured Claim against the Lane Debtors, in full and complete satisfaction of all claims and proofs of claim that have been asserted or that could have been asserted by Haley against the Debtors…. Pursuant to the Stipulation, Claim 3417 will be deemed reduced and allowed in the aggregate amount of $25,000.00 (the ‘Allowed Claim’). For purposes of the Plan, the Parties agree that the Allowed Claim will be treated as an Allowed Class 4A General Unsecured Claim against the FBI Debtors, in full and complete satisfaction of all claims and proofs of claim that have been asserted or that could have been asserted by Pither–Patterson against the Debtors.”

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