The bankruptcy court confirmed a Chapter 11 liquidation plan in which the bankrupt corporation’s assets, including its claims against third parties, were placed in a liquidating trust overseen by a liquidating trustee.  Such a trustee is not the same as a regular bankruptcy trustee.  Hence, when the liquidating trustee settled a claim against a third party on behalf of the liquidating trust, the bankruptcy court properly did not apply the fair and equitable standard which governs settlements by a bankruptcy trustee.  Instead, the bankruptcy court properly applied state law in interpreting the Liquidating Plan to require approval of the settlement if it represented a good faith judgment in the best interests of the beneficiaries of the liquidating trust to maximize net recoveries, which the bankruptcy court analogized to the business judgment rule.