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IN RE COMPLETE RETREATS, LLC

Case No. 06-50245, Jointly Administered.

In re: Complete Retreats, LLC, et al., Chapter 11, Debtors.

United States Bankruptcy Court, D. Connecticut, Bridgeport Division.

April 14, 2011.

Attorney(s) appearing for the Case

Christopher Panos, Esq. , Craig & Macaule, PC, Federal Reserve Plaza, Boston, MA, For the Liquidating Trustee on behalf of the Debtors.

Jeffrey Wiesner, Esq. , Stern Shapiro Weissberg & Garin, LLP, Boston, MA.

Norman Kinel, Esq. , Lowenstein Sandler PC, New York, NY.

Brian Dunefsky, Esq. , Withers Bergman LLP, New York, NY, For Objecting Parties Logue and Mid-Atlantic Capital Foundation.

MEMORANDUM & ORDER ON LIQUIDATING TRUSTEE'S MOTION TO APPROVE THIRD PARTY FUNDING AGREEMENT AND ASSIGNMENT OF CERTAIN PROCEEDS OF LOGUE LITIGATION

ALAN H. W. SHIFF, Bankruptcy Judge

INTRODUCTION

The Liquidating Trustee, on behalf of the debtors (hereinafter, "Trustee"), moves for approval of his funding agreement ("Funding Agreement") with non-party CPC Group LTD ("CPC") (hereinafter, "Funding Motion"). If approved, the Trustee would ensure...

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