Cordell Can't Enforce Injunction In Fraud Case

Law360, New York (April 5, 2011, 1:57 PM EDT) -- A New York federal judge rejected a request by Cordell Consultants Inc. to enforce a bankruptcy court’s injunction that would have spared it from aiding and abetting claims related to a massive fraud at the bankrupt 1031 Tax Group LLC.

Judge Richard J. Holwell in the U.S. District Court for the Southern District of New York on Wednesday denied Cordell’s appeal of the bankruptcy court’s refusal to enforce a so-called channeling injunction, which was supposed to bar creditors from pursuing claims against Cordell in a separate...
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