Robert Keach, the court-appointed trustee winding down Montreal Maine & Atlantic Railway Ltd., is suing Wheeling & Lake Erie Railway Co. to claw back millions of dollars paid to a company insider, Dow Jones Daily Bankruptcy Review reported today. Keach is seeking $2.7 million plus interest that went to Wheeling from the 2011 sale of MM&A rail lines to the state of Maine for $21 million. In a suit filed in bankruptcy court on Tuesday, lawyers for Keach said that the $2.7 million went to Wheeling, whose chief executive was Larry R. Parsons. Parsons was also a director of MM&A and Wheeling was one of MM&A's biggest lenders.
