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.

"It is plaintiff's intention to avoid and recover all transfers made by the debtors of an...

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