Provident Creditor Fights Trustee's $31M Clawback Suit

Law360, New York (May 8, 2012, 5:34 PM EDT) -- 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...
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Case Information

Case Title

PFM LLC v. Provident Royalties LLC et al

Case Number



Texas Northern

Nature of Suit

Bankruptcy Withdrawal


Royal Furgeson

Date Filed

August 30, 2011

Law Firms

Government Agencies

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