In Re Continental Investment Corporation, Debtor, Monte J. Wallace and Neil W. Wallace

COFFIN, Chief Judge.

This appeal is the third we have decided to date arising from these yet-uncompleted bankruptcy proceedings. Each has been instituted by these appellants, the majority shareholders in the bankrupt Continental Investment Corporation. The appeal presents a single, simple issue: whether the district court abused its discretion in approving a compromise settlement of an adversary proceeding brought by the bankrupt’s trustee. We find that it did not, and we affirm.

Before considering this issue, we pause briefly to address the question of our jurisdiction over this appeal. Since…