Compromise and Settlement
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Resolution of a dispute by mutual agreement to avoid a lawsuit.
Public policy favors the settlement of disputes to avoid law...
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Bankrupt SemGroup LP filed a third amended reorganization plan Tuesday with the Delaware U.S. Bankruptcy Court.
A disclosure statement said the plan represents a compromise and settlement of various claims among prepetition lenders, a creditors' committee and SemGroup. The amended plan also addresses some claims of producers, which do not support the plan according to the filing.
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... W: Compromise, Assessment, Mitigation, Settlement, and Collection of Civil Penalties. 502.604 - Com...
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The settlement signals a truce in Monterey County's long-standing landuse wars. For years LandWatch Monterey County and Rancho San Juan Opposition Coalition led the fight against Butterfly Village, ultimately suing the county to stop the project. On Tuesday, LandWatch and the coalition called the settlement a "very good compromise for the community," and pledged to dismiss their lawsuit.
The Butterfly Village saga dates back to 1999, when [Moe Nobari] sued and won a court order requiring the county to process a growth plan for the Rancho San Juan area. A few years later, Nobari proposed the largest development plan in county history. In late 2004, the Planning Commission gave the plan a unanimous "no" vote, advising county supervisors to turn down the 4,000-home plan and its first phase...