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Goldberg v. Craig (In re Hydro-Action Inc.)

Goldberg v. Craig (In re Hydro-Action Inc.)

Ruling
Alleged insiders of corporate debtor were granted summary judgment on the grounds that the preferential transfer claims were made untimely.
Procedural posture

Plaintiff bankruptcy trustee brought an adversary proceeding against defendants, alleged insiders of a corporate bankruptcy debtor, seeking to avoid alleged fraudulent, preferential, and postpetition transfers. The insiders moved for summary judgment based on the limitations period of 11 U.S.C. § 546(a) and based on lack of evidence of postpetition transfers.

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opinion summary, case decided on March 14, 2006 , LexisNexis #0406-131