Plastech Trustee Launches Dozens Of Payment Suits

Law360, New York (October 6, 2009, 7:32 PM EDT) -- Carroll Services LLC, liquidating trustee for bankrupt auto supplier Plastech Engineered Products Inc., has filed roughly 90 adversary suits against various creditors, including robotics company SAS Automation Ltd., the Chardon Rubber Co., staffing firm Populus Group LLC and others seeking to recover alleged preferential or fraudulent transfers.

The liquidating trustee filed the complaints on Tuesday in the U.S. Bankruptcy Court for the Eastern District of Michigan alleging that payments made to the defendant companies were either made when Plastech was insolvent or were larger than they...
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