Prudential's $27M Suit Over Ethanol Plants Survives

Law360, New York (February 22, 2011, 7:53 PM EST) -- A New York judge on Tuesday suggested he would not dismiss a suit accusing German bank WestLB AG of structuring post-bankruptcy operating agreements to run two ethanol plants in a way that shortchanged Prudential Insurance Co. of America and other lenders $27.1 million.

Although Judge Charles E. Ramos of the Supreme Court of the State of New York, County of New York, didn't issue a formal order, he indicated that, at a minimum, Prudential's breach of contract claims would remain.

The dispute — "not the simplest,"...
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