Nash Chapter 7 Trustee Opposes Dismissal Of Fraudulent Transfer Action

(February 21, 2024, 12:22 PM EST) -- BRIDGEPORT, Conn. — In a Feb. 20 opposition to a motion to dismiss, the Chapter 7 trustee for asbestos debtor The Nash Engineering Co. says that he has standing to pursue his claims in a fraudulent transfer adversary proceeding seeking the return of more than $59 million from a holding company and its members to the debtor’s estate and that the complaint contains enough facts to survive the dismissal bid....