Law360, New York (May 08, 2012, 5:34 PM ET) -- A creditor and former contractor of defunct Provident Royalties LLC told a Texas bankruptcy judge Thursday that a court-appointed trustee was using a $30.8 million fraud countersuit to attempt to intimidate the creditor, an oil and gas title services provider, into dropping a $6 million lawsuit.
The trustee’s $30.8 million clawback suit alleges that PFM LLC was “more than happy” to take millions in “fraudulent transfers” from Provident for substandard work. But PFM said in a motion to dismiss that the claims were “chicanery” designed to...
Provident Creditor Fights Trustee's $31M Clawback Suit
To view the full article, take a free trial now.
