Wednesday, November 07, 2012

Bankruptcy Court Settlement of Dispute Over Sikh Assets Approved

A federal bankruptcy court in Oregon yesterday approved a settlement agreement in a dispute over assets of a Sikh religious community.  According to the Eugene (OR) Register-Guard:
The feuding religious leaders and business leaders of the Sikh community founded by the late Yogi Bhajan agreed to drop their legal claims against each other. They will move on with an orderly give-and-take of payments and a transition to new leadership for the community’s for-profit companies, including East West Tea Company LLC.... Under the settlement agreement, former Eugene resident and prominent local businessman Kartar Singh Khalsa, will resign from the Unto Infinity management board that controlled the Sikh community’s for-profit companies and religious and educational charities.