Sharper Image Creditors Get OK To Seal $500K Deal

Law360, New York (August 20, 2008, 12:00 AM EDT) -- A bankruptcy judge has given his nod to a contentious $500,000 settlement between unsecured creditors of Sharper Image and the joint venture approved to buy the beleaguered retail chain's assets, dismissing objections by the U.S. trustee overseeing the case.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware signed off on the settlement in an order Monday, saying the deal did not run contrary to the Bankruptcy Code, as the trustee had claimed.

The trustee, Kelly Beaudin Stapleton, had argued that the...
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