Roumeliotis v. Nordenson et al
Case Number:
3:23-cv-01366
Court:
Nature of Suit:
Judge:
Firms
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April 04, 2024
Pump Co. Ch. 7 Trustee's $59.7M Case Could Go Before Jury
A Chapter 7 trustee and the owners of a Connecticut pump manufacturer will square off in federal district court over claims that executives raided $59.7 million from the Nash Engineering Co.'s coffers, lined its stockholders' pockets and plunged the entity into bankruptcy to avoid paying asbestos injury claims.
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January 09, 2024
Vacuum-Pump Biz Owner Defends $59.7M Transfers Pre-Ch. 7
The owner and ex-shareholders of a bankrupt Connecticut manufacturer tied up in asbestos liability and connected insurance claims say the company's Chapter 7 trustee cannot claw back $59.7 million in cash transfers from a holding company to those shareholders because they occurred more than a decade ago.
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October 19, 2023
Ch. 7 Trustee Sues Execs For Cash Move Amid Asbestos Suits
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."