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They recovered small additional amounts from the directors and
their insurance company. For instance, Knevelbaard received
$5,048.32 on a $58,500 loss; Gomes received $6,368 of $118,369.
OPINION
Evidentiary Matters
Petitioners reserved several objections in the stipulation
of facts.
One group of objections centers around the admission of
documents or facts concerning lawsuits, other than the milk
producers action, related to the Knudsen default. These concern,
for instance, (1) petitioners' release of claims in the
bankruptcy action in exchange for an assignment of Knudsen's
claims against its directors and their insurer; (2) the banks'
indemnification rights against Knudsen and Foremost; and (3) the
Danish Creamery complaint. We believe the exhibits in groups 1
and 2 are relevant to the parties' motivations in structuring the
settlement. The Danish Creamery complaint may have slight
relevance, since its plaintiffs were included in the milk
producers settlement; however, since the complaint was dismissed
in its entirety, we give it little weight.
Another group of disputed stipulations shows that
petitioners did not receive treatment from mental or physical
health care workers as a result of actions by the Bank
Defendants. Petitioners also object to stipulations as to some
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