Lukoil To Pay $93M To Getty To Settle Claims Of Alleged Fraudulent Transfers

NEW YORK - The liquidating trustee for the Chapter 11 bankruptcy of Getty Petroleum Marketing Inc.(GPMI) on July 17 moved in bankruptcy court for approval of a deal in which Lukoil Americas Corp. would pay $93 million to GPMI to settle claims related to allegedly fraudulent transfers before GPMI filed for bankruptcy (Getty Petroleum Marketing Inc. v. Lukoil Americas Corporation, et al. $(In Re: Getty Petroleum Marketing Inc.$), Adv. No. 11-02942, No. 11-15606, Chapter 11, S.D. N.Y. Bkcy.).

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