Shubert v. Lucent Techs. Inc. (In re Winstar Communs. Inc.)

Pre 2005-Act: 
Pre 2005-Act
Bankruptcy court properly held that debtor's primary supplier was a non-statutory insider allowing for avoidance of transaction within one-year prior to petition date.
Procedural posture: 
Appellant creditor sought review of a decision from the United States District Court for the District of Delaware, which affirmed a bankruptcy court decision holding, among other things, that the trustee was entitled to recover approximately $ 188 million from the creditor under 11 U.S.C.S. § 550(a) as an avoidable preference payment.
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Commercial case opionion summary, case decided on February 03,2009, LexisNexis #0309-067