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Kartzman v. Peachtree Special Risk Brokers (In re John A. Rocco Co.)

Ruling: 
Commissions received by a wholesale insurance broker were avoidable preferences.
Issue: 
Whether transferee was the initial transferee from whom the preference payment can be recovered or if the "mere conduit" defense precludes liability?
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Commercial case opionion summary, case decided on May 18,2016, LexisNexis #0616-056