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Judge Shaw

Falcon Creditor Trust v. RightChoice Managed Care (In re Falcon Prods.)

Plaintiff creditor trust brought an adversary proceeding in the United States Bankruptcy Court for the Eastern District of Missouri against defendant medical plan administrator, seeking to avoid and recover certain transfers from Chapter 11 debtors as preferential under 11 U.S.C.S. §§ 547 and 550. The bankruptcy court granted summary judgment in favor of the administrator. The trust appealed.
Ruling: 
Bankruptcy court properly refused to avoid transfers to medical plan administrator when there would be no benefit to the estate.
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Commercial case opionion summary, case decided on February 08,2008, LexisNexis #0308031
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