KNOB LICK, Ky. (AP) — A federal bankruptcy judge has signed off on a $1.9 million settlement between a bankrupt oil company and its former CEO, who is due to report to federal prison soon.

The trustee for the defunct Young Oil and the one-time operator, Anthony Young, reached an agreement to end litigation over the company’s remaining assets and allegations that Young fraudulently transferred funds and equipment as the company went under.

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