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IN RE SPORTSTUFF, INC.

Nos. 09-6030, 09-6031, 09-6032, 09-6033, 09-6034, 09-6035, 09-6036, 09-6036, 09-6037, 09-6038, 09-6039, 09-6040, 09-6041, 09-6042, 09-6043, 09-6044, 09-6045, 09-6046, 09-6047, 09-6048, 09-6049, 09-6050, 09-6051, 09-6052.

430 B.R. 170 (2010)

In re SPORTSTUFF, INC., Debtor. Overton's, Inc., Bart's Water Ski Center, Inc., d/b/a Bart's Water Sports, The Wind Surf Co., d/b/a TWC Surf and Sport, Wal-Mart Stores, Inc., Land `N' Sea Distributing; Land `N' Sea Midwest, Ace American Insurance Company; Bruce Bosley, d/b/a Century Marine; Tige Performance Boats, LLC; Cramar, Inc., d/b/a Duchow's Boat Center, Appellants v. Interstate Fire & Casualty Insurance Company; SportsStuff, Inc., Debtor, Unsecured Creditors Committee Evanston Insurance Company; Axis Surplus Insurance Company, Appellees.

United States Bankruptcy Appellate Panel of the Eighth Circuit.

Filed: June 3, 2010.

VENTERS, Bankruptcy Judge.

These appeals seek review of the bankruptcy court's memorandum and four orders approving settlements between the Debtor and three of its insurers, Axis Surplus Insurance Company, Evanston Insurance Company and Interstate Fire & Casualty Company and enjoining further actions against the insurers.1 For the reasons stated below, we reverse the rulings of the bankruptcy court.

I. STANDARD OF REVIEW<...

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