Arrium settlement was a ‘substantial compromise’, judge says

Restructuring & Insolvency 2021-07-05 4:05 pm By Cat Fredenburgh | Melbourne

A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was “substantial”, the deal involved a “substantial compromise”.