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Pump Co. Execs Must Face Trustee's $59.7M Transfer Suit

By Brian Steele (July 15, 2024, 9:07 PM EDT) -- A Connecticut federal judge won't toss a Chapter 7 bankruptcy trustee's lawsuit claiming that three former engineering company executives transferred $59.7 million to a holding entity and sent the company into ruin to avoid paying asbestos claims, ruling Monday that the suit plausibly alleges that the executives had conflicts of interest and concealed their conduct....

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