Bankrupt Superior Sues To Reclaim $9M From Ex-VP

Law360, New York (March 13, 2009, 12:00 AM EDT) -- Superior Offshore International Inc.'s chief restructuring officer on Friday filed a fraudulent transfer lawsuit against one of the bankrupt oil company's former executives in connection with millions of dollars in cash and stock paid out prior to the company's Chapter 11 filing.

The adversary complaint, filed by H. Malcolm Lovett Jr. in the U.S. Bankruptcy Court for the Southern District of Texas, is also seeking to eliminate claims made by former executive R. Joshua Koch in the bankruptcy case.

According to the lawsuit, Koch received more...
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