Gulfcoast Workstation Corp. v. Peltz (In re Bridge Info. Sys.)
May
18
2006
Ruling
Court affirmed finding that payments to transferee were preferential since transferee failed to establish an ordinary course of business defense.
Procedural posture
Appellant transferee sought review of the judgment of the District Court for the Eastern District of Missouri, which affirmed the bankruptcy court's finding that the transferee failed to establish an ordinary course defense to appellee plan administrator's avoidance of the debtor's preferential transfers to the transferee, pursuant to 11 U.S.C. § 547(b).
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