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A judge approved a settlement between the trustee in charge of Jeffrey Soffer's failed Fontainebleau Las Vegas casino project and the company's former directors and officers that will put millions in creditors' pockets, Dow Jones Daily Bankruptcy Review reported today. In an order signed last week, Bankruptcy Judge A. Jay Cristol approved the deal, which calls for $27.5 million to go into the coffers of chapter 7 trustee Soneet R. Kapila, the man in charge of Fontainebleau's estate. The judge had rejected a prior settlement, which was opposed by a group of term lenders who were suing Fontainebleau's officers and directors for fraud, charges those parties denied. Those lenders support the new settlement, which calls for a payment of $25 million of directors' and officers' insurance money to creditors.

The movie “American Sniper,” based on the life of ex-Navy SEAL Chris Kyle, has brought in more than $130 million in domestic ticket sales in its first week, but the SWAT team training business that Kyle founded after leaving the military is preparing to shut down, the Wall Street Journal reported today. Before “American Sniper” hit the big screen, there was a messy trail of accusations and bankruptcy litigation involving the business he founded, Craft International LLC, and his widow, Taya Kyle, who was called the company’s “litigation nemesis” in court filings by Craft’s lawyers in U.S. Bankruptcy Court in Dallas. Now, Kyle and Craft’s creditors have reached a settlement under which the company will shut down, the Kyle family can live rent-free until Oct. 30 in their Midlothian, Texas, home, and Kyle will get the rights to Craft’s skull-shaped logo.