Judge Approves Newspaper Settlement, Including Print Innovators Commercial Printing Plant

Judge Kevin R. Huennekens approved a settlement Thursday on a number of disputes that he said "is in the best interest to expedite the conclusion" of The Free Lance–Star bankruptcy case.

The settlement between Sandton Capital Partners, the Pension Benefit Guaranty Corp. and the unsecured creditors committee resolves how to distribute proceeds from the recent sale of the newspaper.

It resolves all the claims, including the two largest: one for more than $37 million owed to Sandton and a $21 million claim with the PBGC.