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IN RE SCBA LIQUIDATION, INC.

No. GT 04-12515.

451 B.R. 747 (2011)

In re SCBA LIQUIDATION, INC., f/k/a Second Chance Body Armor, Inc., Debtor.

United States Bankruptcy Court, W.D. Michigan.

July 5, 2011.

Attorney(s) appearing for the Case

Ronald A. Schuknecht, Esq. , Smith Haughey Rice & Roegge, P.C., Traverse City, MI, James J. Parks, Esq. , Mark G. Cooper, Esq. , Benjamin J. McCracken, Esq. , and Heather M. Maldegen-Long, Esq. , Jaffe, Raitt, Heuer & Weiss, P.C., Southfield, MI, for James W. Boyd, Chapter 7 Trustee.

Donald A. Snide, Esq. , Varnum, Riddering, Schmidt & Howlett, LLP, Grand Rapids, Michigan, Konrad L. Cailteux, Esq. , Debra A. Dandeneau, Esq. , David R. Singh, Esq. , and Christopher D. Barraza, Esq. , Weil, Gotshal & Manges LLP, New York, NY, Michael J. Lyle, Esq. and Eric C. Lyttle, Esq. , Weil, Gotshal & Manges LLP, Washington, DC, for Toyobo Co. Ltd., Toyobo America, Inc., Masakazu Saito, Tadao Kuroki, and Yoshinari Ohira.

Kay Standridge Kress, Esq. , Pepper Hamilton LLP, Detroit, MI, for ASM Capital L.P. and ASM Capital, II, L.P.

Karin F. Avery, Esq. , Silverman & Morris, P.L.L.C., West Bloomfield, MI, for Steven W. Lemmings, et al.

OPINION GRANTING TRUSTEE'S MOTION TO APPROVE SETTLEMENT OF ADVERSARY PROCEEDING

JAMES D. GREGG, Chief Judge.

I. INTRODUCTION.

On February 22, 2011, James W. Boyd, Trustee for Second Chance Body Armor, Inc. (the "Trustee") filed a Motion for Order Approving Settlement of Adversary Proceeding (the "Motion to Approve Settlement" or the "Motion"). The Motion seeks court approval of a settlement agreement in an adversary proceeding brought...

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