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IN RE RESOURCE TECHNOLOGY CORP.

Bankruptcy No. 99 B 35434. Adversary No. 06 A 00907.

356 B.R. 435 (2006)

In re RESOURCE TECHNOLOGY CORPORATION, Debtor. Ungaretti & Harris, LLP, Plaintiff, v. Jay A. Steinberg, not individually but solely as Chapter 7 Trustee for Resource Technology Corporation, Defendant.

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

December 4, 2006.

Attorney(s) appearing for the Case

Bruce L. Wald, Jeffrey B. Rose, Natalia K. Rzepka, Tishler & Wald, Ltd. Chicago, for Ungaretti & Harris, LLP.

Barry A. Chatz, Miriam R. Stein, George P. Apostolides, Arnstein & Lehr LLP, Chicago, IL; Michael L. Shakman, Marc O. Beem, Miller Shakman & Hamilton, LLP, Chicago, for Jay Steinberg.

Gregory J. Jordan, Peter J. Schmidt, Dykema Gossett, Chicago, for Leon Greenblatt, Chiplease, Inc., Banco Panamericano, Inc., Richard Nichols and Scattered Corporation.

Kathryn Marie Gleason, Office of the U.S. Trustee, Chicago, for United States Trustee.

MEMORANDUM OF DECISION

EUGENE R. WEDOFF, Bankruptcy Judge.

This adversary proceeding is before the court on the defendant's motion for approval of a settlement. The defendant, Jay Steinberg, is the Chapter 7 trustee of debtor Resource Technology Corporation ("RTC"). The plaintiff, Ungaretti & Harris, LLP ("U & H") was counsel to RTC's former Chapter 11 trustee, Gregg Szilagyi. U & H asserts in its complaint (1) that it provided services to preserve...

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