A federal bankruptcy court judge yesterday approved a settlement that resolves a long-running series of contentious lawsuits over a failed Charlotte bus company. The agreement settles four lawsuits brought by trustee Elaine Rudisill, who has been charged with liquidating DesignLine after its 2013 bankruptcy filing. The litigation, first filed in 2015, ensnared a number of high-profile figures as defendants: retired Air Force Gen. Buster Glosson, former Charlotte Mayor Anthony Foxx and former North Carolina Gov. Jim Martin. As part of the global settlement first disclosed last month, the defendants in the suits will pay $8.25 million to the bankruptcy estate. That amount will be covered by directors’ and officers’ insurance except for $125,000 to be paid by defendant Jim Fadiman. The parties will also give up $9.1 million in unsecured claims they had made against the company.
