Ex-MarketXT CEO Fights $25M Bankruptcy Judgment

Law360, New York (May 26, 2010, 4:23 PM EDT) -- The former CEO of bankrupt MarketXT Holdings Corp., Omar Sharif Amanat, has claimed that the plan committee in the company's Chapter 11 case failed to substantiate the millions of dollars in losses it allegedly suffered when Amanat's fraud helped bring down the company.

In his bid to overturn a bankruptcy court's $24.5 million judgment against him, Omar said the plan committee provided divergent estimates of damages, according to Omar's reply to the committee's objection to his appeal, filed Tuesday in the U.S. District Court for the...
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