IN RE HIBBARD BROWN & CO., INC.

Bankruptcy No. 94-B-44809 (CB).

217 B.R. 41 (1998)

In re HIBBARD BROWN & CO., INC., Debtor.

United States Bankruptcy Court, S.D. New York.

January 8, 1998.


Attorney(s) appearing for the Case

Berlack, Israels & Liberman, L.L.P., by Martin S. Siegel, New York City, for debtor.

Steven B. Caruso, New York City, for debtor.

Bernstein & Wasserman, L.L.P., by Peri Erlanger, New York City, for Certain Registered Representatives.

Gusrae, Kaplan & Bruno, by Cirino M. Bruno, New York City, for Certain Former Registered Representatives.

Hoffman, Pollack & Pickholtz, by Linda Susswein, New York City, for Richard Brown.

Law Offices of John Miller, P.A., by John J. Miller, Overland Park, KA, for Tom Bryant.

Maloney, Barr & Huennekens, P.C., by John S. Barr, Richmond, VA, for Jack Brusuanelli.

Office of the United States Trustee, Mary E. Tom, Acting United States Trustee, by Diana Adams, Doria Stetch, Paul Schwartzberg, New York City.

By Michael A. Berman, Angela D. Dodd, David J. Medow, Jonathan H. Stein, Chicago, IL, for Securities and Exchange Commission.

Sonnenblick Parker & Selvers, P.C., by Chad N. Cagan, Freehold, NJ, for Brian Walsh.

Wilentz Goldman & Spitzer, P.C., by Louis T. DeLucia, Patricia S. Gardner, Joseph O'Neil, Jr., Woodbridge, NJ, for Creditors Committee.

Wilkie Farr & Gallagher, New York City, by Brian E. O'Connor, for the Participants.

Wolf Popper, L.L.P., New York City, by Jeffrey H. Konis, Stephen D. Oestreich, for the New Jersey Class Action Plaintiffs.

Before the Honorable CORNELIUS BLACKSHEAR United States Bankruptcy Judge Southern District of New York.


MEMORANDUM-DECISION APPROVING A PROPOSED SETTLEMENT AS FAIR, REASONABLE AND ADEQUATE

CORNELIUS BLACKSHEAR, Bankruptcy Judge.

In this consolidated litigation, the parties seek approval of a proposed settlement pursuant to Bankruptcy Rule 9019(a). The settlement is designed as a global compromise of all litigation between securities claimants against Hibbard Brown & Co., Inc. ("Hibbard Brown" or the "Debtor") and certain of its former...

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