Juno to Pay Unsecured Creditors to Settle Row Over Lyft Deal

Juno USA LP, a shuttered New York ride service provider, has reached a Chapter 11 settlement to pay $775,000 to unsecured creditors and avoid disputes over a pre-bankruptcy asset sale.

Juno’s Israeli parent company, Gett Inc., will put up $875,000 for the bankruptcy estate to facilitate the payment to the creditors, Juno’s attorney, William E. Chipman of Chipman Brown Cicero & Cole LLP, said Wednesday at a hearing in the U.S. Bankruptcy Court for the District of Delaware.

The remaining $100,000 will be used to pay Juno’s priority and administrative claims, excluding professionals’ fees.

The “global agreement” requires ...