Liquidating Trustee Appointed In All American Ch. 11

Law360, New York (April 14, 2009, 12:00 AM EDT) -- A bankruptcy judge has confirmed All American Semiconductor Inc.’s third amended plan of liquidation, establishing a liquidating trustee who promptly unleashed a score of lawsuits to recover money and property for the benefit of the creditors.

On Friday, Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the Southern District of Florida endorsed the plan in light of the creditors committee having resolved objections from the U.S. Securities and Exchange Commission.

Once the court appointed Kenneth A. Welt from Trustee Services Inc. liquidating trustee, attorneys...
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