Law360, New York (August 3, 2017, 9:20 PM EDT) -- An unsecured creditors committee of defunct New Jersey foreclosure law firm Zucker Goldberg & Ackerman LLC is seeking to claw back $4.6 million it claims the firm spent on members’ car leases and personal credit cards, most of which was used to pay off American Express accounts for firm principal Michael Ackerman and other firm insiders.
Collectively, the seven adversary complaints the committee filed Tuesday claim nearly $4.6 million was paid out to the credit and car leasing companies in the years before the firm filed for Chapter 11 protection in 2015, but the firm didn’t receive any value from the payout.
In addition to a $3.9...
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