Goldstein v. Hickory Brands Inc. (In re Just for Feet Inc.)

Pre 2005-Act: 
Pre 2005-Act
Ordinary course of business defense to avoidance failed where creditor failed to establish industry standards.
Procedural posture: 
Debtors, a corporation and others, filed a petition under chapter 11. The case was converted to one under chapter 7, and plaintiff trustee filed adversary proceedings against defendants, a corporation (supplier) and one of its divisions, seeking recovery of alleged preferential payments, pursuant to 11 U.S.C. §§ 547(b) and 550. The parties filed cross-motions for summary judgment.
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Commercial case opionion summary, case decided on September 12,2007, LexisNexis #1007-101