Former Shareholders Seek Dismissal Of Eagle Inc.’s Fraudulent Transfer Action

(January 24, 2017, 4:18 PM EST) -- NEW ORLEANS — An adversary action filed by Chapter 11 debtor Eagle Inc. accusing four members of a Louisiana family of fraudulently transferring Eagle’s noninsurance assets to companies the family created while knowing that Eagle faced liability for thousands of asbestos claims should be terminated now that a federal bankruptcy court has dismissed Eagle’s bankruptcy case, the defendants say in a Jan. 6 motion (In re:  Eagle, Inc., No. 15-12437, [Eagle, Inc. v. Fred J. Schuber, III, et al., No. 2:16-ap-1040], E.D. La. Bkcy.)....