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§ 101(53B)(A)(i)

Hutson v. M.J. Soffe Co. (In re National Gas Distribs. LLC)

Aug
25
2009
Ruling
Agreements between LLC and debtor for purchase of natural gas were not "swap agreements" and were avoidable.
Procedural posture

Plaintiff chapter 11 trustee filed an adversary proceeding against an defendant LLC, seeking a determination that contracts debtor a natural gas distributor concluded with the LLC were fraudulent transfers and preferential transfers that could be avoided under 11 U.S.C.S. §§ 548(a)(1)(A) and (B), 547(b), and 550(a)(1). The LLC filed a motion for summary judgment.

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Commercial opinion summary, case decided on August 25, 2009 , LexisNexis #0909-106
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