An investigator’s report alleges that creditors owed money by bankrupt New Jersey foreclosure firm Zucker, Goldberg & Ackerman may have valid causes of action in connection with how the firm did business in recent years.
In a report released late Tuesday, bankruptcy examiner Donald Steckroth delved into the Mountainside-based firm’s relationship with 4S Technologies Inc., a software company formed by Zucker Goldberg managing partner Michael Ackerman in 2007.
David Adler of McCarter & English’s New York office, who represents the official committee of unsecured creditors, said in a statement: “The Committee believed that an analysis prepared by a disinterested third party—who has no financial stake in the outcome of the examination—would be beneficial to all parties. Given Judge Steckroth’s findings … the Committee will seek the appropriate relief.”