Monitor Co. Creditors Seek To Claw Back $2M From Landlords

Law360, Wilmington (May 16, 2013, 12:24 AM EDT) -- Monitor Co. Group LP's creditors committee launched a suit in Delaware bankruptcy court Wednesday seeking to claw back $2.1 million in allegedly preferential payments that the consulting firm made to its landlords in the runup to its Chapter 11 filing.

Filed as an adversary proceeding, the committee's complaint seeks to recover $2.1 million in rent payments Monitor made to Two Canal Park LLC and Mid-West Portfolio Corp. in the 90-day period leading up to its November bankruptcy.

According to the suit, the payments constitute preferential transfers...
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