CORRECTED: Grubb & Ellis Trustee Seeks To Claw Back Payments To Ex-VP

Law360, Los Angeles (February 20, 2014, 9:25 PM EST) -- The Chapter 11 administrator for Grubb & Ellis Co. filed an adversary suit Thursday in New York bankruptcy court seeking to claw back $650,000 in compensation to its former executive vice president, saying the payments are avoidable preferential transfers under bankruptcy law .

The adversary suit by plan administrator Linda Duer requests an order and judgment by the court against Jacob Van Berkel, who also served as chief operating officer, for the transfer of funds in the year leading up to the bankruptcy petition filings....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Grubb & Ellis Company


Case Number

1:12-bk-10685

Court

New York Southern

Nature of Suit

Date Filed

February 19, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.