A settlement in the bankruptcy of Saudi...

A settlement in the bankruptcy of Saudi Arabian arms dealer Adnan Khashoggi’s U.S. financial empire is basically one step away, with just one holdout creditor fighting the plan. In Salt Late City, federal bankruptcy Judge John Allen agreed to ratify five of about a dozen individual settlements involving Triad America Corp. officials, lending institutions and major creditors, leaving only bankrupt Oasis Corp. as having filed a formal objection to the deal to lump all remaining Triad assets into one pot. Attorneys for the court-appointed trustee of Oasis, a California company, have claimed signing a release to obtain a share of the settlement apparently would prevent the firm from suing Khashoggi on non-financial grounds such as breach of fiduciary duty.