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  5. 261 B.R. 619 (2001)
 

IN RE DEVON CAPITAL MANAGEMENT, INC.

Bankruptcy Nos. 98-25314-BM, 98-25315-BM. Motion Nos. 01-0297M, 01-0411M, 01-0298M. 01-0413M.

261 B.R. 619 (2001)

In re DEVON CAPITAL MANAGEMENT, INC., Debtor. Financial Management Sciences, Inc., Debtor. James R. Walsh, Trustee, Movant, v. Hefren-Tillotson, Inc., Respondent.

United States Bankruptcy Court, W.D. Pennsylvania.

March 22, 2001.

Attorney(s) appearing for the Case

James R. Walsh, Spence Custer Saylor Wolfe & Rose, Johnstown, PA, trustee.

Richard A. Finberg, Malakoff Doyle & Finberg, P.C., Pittsburgh, PA, for South Butler County School District, Bald Eagle School District.

Michael J. Betts, Betts Law Firm, Pittsburgh, PA, for Tyrone Area School District.

MEMORANDUM OPINION

BERNARD MARKOVITZ, Bankruptcy Judge.

The chapter 7 trustee in the above bankruptcy cases has brought a motion to approve a settlement of a class action against Hefren-Tillotson, Inc. pending in state court. He also requests an order barring any third party from asserting any claims against Hefren-Tillotson in connection with certain "tainted" securities transactions in which either of the debtors and Hefren-Tillotson were involved...

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