Taylor Bean Trustee Fires Off 200 Suits Over Transfers

Law360, New York (August 22, 2011, 6:53 PM ET) -- The chief restructuring officer for mortgage lender Taylor Bean & Whitaker Mortgage Corp. fired off nearly 200 new lawsuits in Florida bankruptcy court Friday and Saturday, seeking to recover allegedly preferential and fraudulent transfers that were illegal under bankruptcy law.

Trustee Neil F. Luria filed the suits, numbered 3:11-ap-00441 through -00635, against a slew of defendants including Sprint Nextel Corp., Moody's Investors Service Inc., Home Mortgage Corp. of America Inc., U.S. Bank NA, Mortgage Guaranty Insurance Corp., FedEx Corp. and Deloitte Touche Tohmatsu International, seeking to...
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