Musicland Hit With Suits Over Prepetition Transfers

Law360, New York (December 10, 2007, 12:00 AM EST) -- Unsecured creditors of Musicland Holdings Corp. have filed another wave of adversary cases against companies with claims against the bankrupt entertainment retailer in a bid to recover more than $3 million in allegedly fraudulent payments made before the company's Chapter 11 filing.

The 10 cases, filed separately on Friday in the U.S. Bankruptcy Court for the Southern District of New York, seek to recover transfers that were made to a slew of companies, including Grant Thornton LLP and Accenture LLC, during the 90-day preferential period before...
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