American Express has settled for $3 million claims brought by a bankruptcy trustee that it enabled the defunct Girardi Keese law firm to siphon $50.25 million in fraudulent transfers as part of the insolvent firm’s scheme to cheat creditors.
The suit brought by Chapter 7 trustee Elissa Miller against American Express was voluntary dismissed, according to a filing Friday in the US Bankruptcy Court for the Central District of California.
Bankruptcy Judge Barry Russell signed off on the $3 million payment to the estate in a July 24 order, according to court records.
Greenspoon Marder LLP, the firm representing ...