Textron, Brooke Holdings Settle Investment Liability Suit

Law360, New York (August 30, 2012, 7:05 PM EDT) -- Loan service agent Textron Business Services Inc., two banks that sued on its behalf and insurance holding company Brooke Holdings Inc. on Thursday settled a dispute in Kansas federal court over liability related to securitized investments issued by bankrupt Brooke subsidiaries.

U.S. District Judge Eric F. Melgren dismissed Textron's claims against Brooke, as well as the insurer's counterclaims against the plaintiff, after the parties notified the court that they had resolved their dispute. The judge also dismissed the claims and counterclaims between Fifth Third Bank and...
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