Complex sentence: Traub acted on behalf of Kmart--an eToys.com creditor--in the companies bankruptcy and he and his New York law firm were accused of having a conflict of interest in their actions in the matter because of his business relationship with Barry Gold, CEO of eToys.
Split into simpler sentences: Traub acted on behalf of Kmart--an eToys.com creditor--in the bankruptcy. He and his New York law firm were accused of having a conflict of interest in their actions in the matter because of his business relationship with Barry Gold, CEO of eToys.