The U.S. Bankruptcy Court approved Unilife’s compromise and settlement of certain claims with present and former directors and officers (D&O) and certain plaintiffs and their counsel. As previously reported, “The settlement agreement includes the following principal terms: no later than 10 business days after the effective date, the Individual defendants shall cause National Union to…

The U.S. Bankruptcy Court approved Ciber’s claims settlement stipulation between the Debtors and LS Selborne House Limited. As previously reported, “Upon the Parties’ entry into this Stipulation (a) claim number 592 shall be granted as an allowed unsecured non-priority claim (Class 3 General Unsecured Claims of the Plan) against Ciber in the amount of $1,600,000…

The U.S. Bankruptcy Court approved Avaya’s motion for an order (a) approving a settlement with Pension Benefit Guaranty Corporation (PBGC) and (b) making the determination required for distress termination of the Avaya Pension Plan for salaried employees. As previously reported, “The treatment of the Avaya Pension Plan for Salaried Employees (the ‘Salaried Pension Plan’) and…

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