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Jim Donnan's settlement now in doubt

Updated: August 29, 2011, 8:42 PM ET
Associated Press

MACON, Ga. -- A judge raised concerns Monday about a proposed deal by former University of Georgia football coach Jim Donnan to settle claims by the new operators of a bankrupt company that he improperly profited from a Ponzi scheme involving the firm.

U.S. Bankruptcy Judge James Smith said he was unlikely to approve the $5.5 million settlement Donnan brokered with West Virginia-based liquidation company GLC Ltd. because he said it gave short-shrift to other parties who filed claims against ...

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