Borders Trustee Looks To Recover Millions In Lawsuit Blitz

Law360, New York (January 4, 2013, 3:55 PM EST) -- The liquidating trustee for Borders Group Inc. on Friday launched 93 clawback suits against a wide range of companies including Universal Music & Video Distribution Inc., Dell Marketing LP and A&E Home Video Corp., seeking to recover a total of approximately $23 million.

Trustee Curtis R. Smith says each of the transfers he is seeking to recover through the adversary proceedings were made within 90 days before the fallen book retailer filed its voluntary Chapter 11 petition and while it was insolvent.

"Each of the transfer(s)...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.