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IN RE WORLDCOM, INC. (Bankr.S.D.N.Y. 2005)

United States Bankruptcy Court, S.D. New York.
Aug 1, 2005
ORDER APPROVING THE SETTLEMENT OF CLAIM NO. 38485 FILED ON BEHALF OF MARK McDAVID

ARTHUR GONZALEZ, Bankruptcy Judge

It appearing that Debtors have reached an agreement resolving their claim objections with respect to Claim No. 38485 (filed on behalf of Mark McDavid) as set forth hereafter, it is hereby

ORDERED that based on the written agreement of the parties dated May 26, 2005, Claim No. 38485 (filed on behalf of Mark McDavid) shall be treated as set forth in such agreement: Claim No. 38485 shall be treated as an allowed, unsecured priority claim for wage-based compensation pursuant to 11 U.S.C. ยง 507(a)(3) in the Bankruptcy Cases in the amount of $2,500, to be paid as a priority claim under the Plan. Payment of such claim shall be subject to appropriate payroll deductions for an amount attributable to payment for lost wages (to be reported on IRS Form W-2), and shall be made in accordance with, in the amounts set forth under, and at the times provided for in, the Plan.