A & C Properties v. A & C Properties, Inc.

852 F.2d 1289 Unpublished Disposition NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not the case, res judicata, or collateral estoppel. In re A & C PROPERTIES, a Joint Venture and the Consolidated cases, Debtor. Ross ENTITIES, Petitioner-Appellant, v. A & C PROPERTIES, INC., Respondent-Appellee. No. 87-6419. United States Court of Appeals, Ninth Circuit. Augued and Submitted April 4, 1988. Decided July 21, 1988. As Amended Sept. 23, 1988. Before JAMES R. BROWNING, NELSON and CANBY, Circuit Judges. 1 MEMORANDUM * 2 Leonard Ross and certain related entities ("Ross") appeal a judgment of the district court affirming a judgment of the bankruptcy court in favor of the trustee on a question of contract interpretation. At issue in this bankruptcy appeal is a clause in a settlement agreement (Limited Recourse Agreement) ("settlement") which provides as follows: 3 "Of the settlement funds in what we have referred to as the all world settlement, which is to say the settlement of the 18 Superior Court actions which is the subject of the trustee's application for approval, it has been…