Ch. 7 Trustee Sues Execs For Cash Move Amid Asbestos Suits
By Alex Wittenberg ( October 19, 2023, 5:54 PM EDT) -- A Chapter 7 bankruptcy trustee overseeing the financial affairs of The Nash Engineering Co. has sued three former directors in Connecticut federal court for allegedly transferring $59.7 million to a holding company, arguing that the move occurred when TNEC "was materially underinsured for its massive liabilities for asbestos bodily injury claims."...
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