IN RE AMERICAN RESERVE CORP.

No. 87-1347.

841 F.2d 159 (1987)

In re AMERICAN RESERVE CORPORATION, Debtor. LaSALLE NATIONAL BANK, The Bank of California, and Triumph Investment Trust, Ltd., Appellants, v. J. William HOLLAND, Chapter 7 Trustee for the Estate of American Reserve Corporation, and Wallace J. Stenhouse, Appellees.

United States Court of Appeals, Seventh Circuit.

Decided December 30, 1987.


Attorney(s) appearing for the Case

William P. Smith, Chapman & Cutler, Chicago, Ill., for appellants.

Cynthia L. Pope, Ross & Hardies, Chicago, Ill., for appellees.

Before FLAUM and MANION, Circuit Judges, and ESCHBACH, Senior Circuit Judge.


MANION, Circuit Judge.

Appellants, who are creditors of the bankrupt, American Reserve Corporation (ARC), appeal the district court's judgment affirming the bankruptcy court's approval of the trustee's settlement of a claim by ARC's former chief executive officer. Because the bankruptcy judge's findings are not adequate to allow us to review the settlement, we reverse and remand for further findings.

I.

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