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Ch. 7 Trustee Fights Sanctions Over His Chicago Cab Suit

Law360 (April 13, 2018, 5:10 PM EDT) -- The trustee in the Chapter 7 bankruptcy of a major Chicago cab company Thursday urged an Illinois federal judge to reject a motion for sanctions against him by the company’s owners, calling it a ploy to shut down his fraudulent transfer suit.

A group of several Yellow Cab Affiliation Inc. officers and holding companies claim Yellow Cab Chapter 7 trustee Michael Desmond’s suit claiming they siphoned Yellow Cab assets into a shell company to protect them from a massive personal injury judgment is baseless and deserving...
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