AES Liquidating Trustee Launches $20M In Avoidance Suits

Law360, New York (June 10, 2013, 3:31 PM EDT) -- The liquidating trustee of AES Eastern Energy Inc. filed almost 60 adversary complaints in Delaware federal bankruptcy court Friday seeking the avoidance or return of more than $20 million in transfers made to other companies, including CSX Transportation Inc. and Greenberg Traurig LLP, while the company was insolvent.

The complaints, filed by liquidating trustee Eugene I. Davis, include a $9.7 million suit against CSX Transportation Inc. and a $5.5 million complaint against Lafayette Coal Co. for payments made by AES in the 90 days before its...
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.