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...
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