DGI Liquidating Trust v. William Gallagher Assocs. Ins. Brokers Inc. (In re DGI Resolutions Inc.)

Ruling: 
Trustee's avoidance proceeding based on allegedly unauthorized transfer to insurance broker dismissed due to court authorization for debtor obtaining and continuing insurance coverage.
Procedural posture: 
Defendant insurance broker moved to dismiss a three-count adversary complaint filed by plaintiff, the trustee for a liquidating trust, in which plaintiff sought to recover, in whole or on a prorated basis, a fee paid to the broker in connection with its procurement of a rider extending insurance coverage past the date of its liquidation. Plaintiff's theories included that the payment was unauthorized and thus avoidable under 11 U.S.C.S. § 549.
Issue: 
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Commercial case opionion summary, case decided on February 17,2011, LexisNexis #0311-059