Musicland Creditors Seek Approval Of Settlements

Law360, New York (December 12, 2007, 12:00 AM EST) -- Bankrupt music retailer Musicland Holdings Inc. has asked for approval of settlements for a slew of adversary claims filed over prepetition transfers, bringing the company one step closer to completing its liquidation.

In a motion filed on Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, Musicland's unsecured creditors' committee asked Judge Stuart M. Bernstein to sign off on agreements reached with AT&T Inc., Certegy Check Services, Inc., The Lacek Group and Sony Electronics.

The court filing is the fourth omnibus motion...
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