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The former Lehman officers have has also asked the bankruptcy court to release $8.25 million in insurance proceeds to settle a separate claim by the state of New Jersey against Mr. Fuld and his former colleagues.
If the bankruptcy judge agrees with the Lehman officials' request and releases the insurance proceeds to settle this lawsuit, Mr. Fuld and his former colleagues will not have to bear any personal expense in resolving the case.
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The official cautioned that an I.A.E.A. agreement with Iran on how to proceed to settle outstanding issues from the past would be good news but would take time to turn into action.
If there are still so many alumni who love Paterno unabatedly, perhaps they can pool the money to buy the statue and cart it away, and let the university use the proceeds to help settle the many civil judgments it will surely have to pay.
Proceeds would go to settle a judgment being leveled against him by a dog clothing company.
Along with paying down the Treasury line of credit, the company said that $550 million of its proceeds would go to settle a lawsuit filed by three Ohio pension funds in 2004.
The groups initially sued Google over breach of copyright, but last year the Californian company agreed to pay $125m and share any proceeds as a way to settle the case.
The question is whether it makes more financial sense to donate the property or sell it outright and use the proceeds of the sale to settle up with the taxman.
The company, which pleaded guilty to one violation of federal environmental laws, was fined $500,000 in the criminal proceeding and paid $6.5 million to settle the civil suit.
The Justice Department proceeded to quickly settle an antitrust case in ITT's favor, with President Nixon personally intervening to obtain the result.
What had never been unearthed was that the proceeds of the sale went to settle a loan that Chandler had taken out from the company, which had stood as high as £2.6m during the previous financial year, while also funding the agent's divorce.
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