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IN RE ARTRA GROUP, INC.

Bankruptcy No. 02 B 21522, Adversary No. 02 A 01086.

300 B.R. 699 (2003)

In re ARTRA GROUP, INC., Debtor. Official Committee of Unsecured Creditors of Artra Group, Inc., Plaintiff, v. Artra Group, Inc. and Entrade, Inc., Defendants.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

September 30, 2003.

Attorney(s) appearing for the Case

Frances Gecker, Neal, Gerber & Eisenberg LLP, Chicago, IL, for Plaintiff.

James A. Chatz, Arnstein & Lehr, Chicago, IL, for Defendant Artra Group, Inc.

Bryan I. Schwartz, Boehm & Pearlstein, Ltd., Chicago, IL, Philip E. Ruben, Levenfeld & Pearlstein, Northfield, IL, for Defendant Entrade, Inc.

MEMORANDUM OPINION AND ORDER

PAMELA S. HOLLIS, Bankruptcy Judge.

This matter comes before the court on the Committee's Motion for Authority to Settle Adversary Proceeding and Approve Settlement Agreement. The Muralo Company ("Muralo") objects to the release and injunction contained in the settlement, arguing that it is improper to enjoin Muralo from claims it holds directly against non-debtors and to release non-debtor tortfeasors in this settlement. The...

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