Mealey's Bankruptcy - Bankrupt Arcapita Bank Seeks More Than $47.08M In Allegedly Fraudulent Transfers

Mealey's Bankruptcy - Bankrupt Arcapita Bank Seeks More Than $47.08M In Allegedly Fraudulent Transfers

NEW YORK - Bankrupt Arcapita Bank B.S.C. on March 17 filed 12 adversary complaints in the U.S. Bankruptcy Court for the Southern District of New York, seeking to recover $47,088,111.29 in what it contends are fraudulent transfers. The complaints follow the same boilerplate (In Re Arcapita Bank B.S.C., No. 12-11076, Chapter 11, S.D. N.Y. Bkcy.).

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