Former Katerra client demands return of $ 1 million payment error

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By Vince Sullivan (October 7, 2021, 5:58 p.m. EDT) – A former client of construction company Katerra Inc. told a Texas bankruptcy judge on Wednesday night that he inadvertently transferred more than $ 1 million to the company last month and asked the court to order the debtor to return the money he needs to pursue a construction project.

In a motion, The Ericsson Apartments LP said it intended to wire a payment of around $ 1 million to the construction contractor who replaced Katerra on an Ohio renovation project, but that ‘he mistakenly used old transfer information to make the payment, which went to Katerra instead. .

Since the misdirected transfer the …

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