Former EZ Lube COO Can't Slip Suit Over Disastrous LBO

Law360, New York (June 1, 2011, 1:08 PM EDT) -- EZ Lube Inc.'s ex-chief operating officer failed Tuesday to dodge allegations in California that he helped loot the oil change company during a ruinous 2005 leveraged buyout and that he owes unsecured creditors millions he made on the transaction.

The federal court court rejected Allen Baum’s bid for summary judgment on fraudulent transfer and breach of fiduciary duty claims brought by Invotex Inc., the trustee for the fund the company's 2009 reorganization created for creditors, finding that the plaintiff has not yet had a chance to...
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