- 11 U.S.C.
Official Comm. of Unsecured Creditors of Enron Corp. v. Martin (In re Enron Creditors Recovery Corp.)
Oct
17
2007
Ruling
$2.8 million in severance paid to debtor's former employee and affiliate was a recoverable preference.
Procedural posture
Movant, the unsecured creditors committee, sought summary judgment on a claim to avoid and recover payments to defendant, an ex-employee of debtor and its affiliate. Defendant filed cross- and third-party claims for contract breach and fraud and raised other claims, seeking summary judgment on some of them, against plaintiff affiliate, for which defendant had rendered services and which defendant sought to hold liable on a severance agreement.
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Court
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