Straffi v. Gilco World Wide Mkts. (In re Bamboo Abbott Inc.)

Ruling: 
28 U.S.C. § 1409 applies to preference proceedings and the relevant date for purposes of assessing the monetary threshold set forth by § 1409(b) is the Petition Date.
Procedural posture: 
This matter came before the court upon the motion of defendant, an alleged transferee, to dismiss, under Fed. R. Civ. P. 12(b)(3), the adversary complaint initiated by plaintiff, the chapter 7 trustee, for lack of proper venue pursuant to 28 U.S.C.S. § 1409(b). The trustee's complaint, pursuant to 11 U.S.C.S. § 547, sought to avoid allegedly preferential transfers to defendant in the aggregate amount of $11,211.
Issue: 
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Commercial case opionion summary, case decided on October 24,2011, LexisNexis #1211-100