Judge Weighing Oil Company Bankruptcy Settlement

(AP) — A federal bankruptcy judge has signed off on a $1.9 million settlement between a bankrupt oil company and its former CEO, who is due to report to federal prison soon. The trustee for the defunct Young Oil and the one-time operator, Anthony Young, reached an agreement to end litigation over the company's remaining assets and allegations that Young fraudulently transferred funds and equipment as the company went under. Young ran Young Oil Corp.

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