Capmark Creditors Argue For Avoidance Claims

Law360, New York (October 26, 2010, 6:31 PM EDT) -- The official committee of unsecured creditors in Capmark Financial Group Inc.’s bankruptcy said Tuesday that it should be able to pursue fraudulent transfer claims released under a proposed $975 million settlement with lenders, as oral arguments concluded in the monthlong dispute.

At a hearing in the U.S. Bankruptcy Court for the District of Delaware, the committee referred to two separate fraudulent transfer claims, the first involving a guarantee on Capmark’s debt by a subsidiary, Capmark Finance Inc. The committee contends that CFI did not have sufficient...
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