IN RE FANITA RANCH LP.

BK Case No. 10-05750-MM11, Adv. No. 10-90204.

In re: FANITA RANCH, LP., a California Limited Partnership, Chapter: 11, Debtor. v. GUARANTY BANK, as administrative agent for Guaranty Bank and Wachovia Bank National Association. Plaintiff. FANITA RANCH, L.P.; WESTBROOK FANITA RANCH, L.P.; FIRST AMERICAN TITLE INSURANCE COMPANY, Defendants. AND RELATED CROSS-ACTION.

United States Bankruptcy Court, S.D. California.

November 30, 2010.


MEMORANDUM DECISION REGARDING APPROVAL OF SETTLEMENT, DISMISSAL OF COMPLAINT AND REMAND OF COUNTERCLAIMS

MARGARET M. MANN, Bankruptcy Court Judge

Fanita Ranch LP (the "Debtor"), Westbrook Fanita Ranch LP ("Westbrook") and Compass Bank1 (" Compass") each have a stake in 2,590 acres of undeveloped land located in the City of Santee in eastern San Diego County known as the Fanita Ranch (the "Property"). The Debtor, and its predecessor...

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