Woodard v. PSEG Techs. Asset Mgmt. Co. LLC (In re Tougher Indus.)

Ruling: 
Safe harbor provision applied to payments made by debtor in settlement of leveraged buy out of debtor's predecessor.
Issue: 
Whether transferees were entitled to summary judgment on complaint emanating from a prepetition leveraged buyout (LBO) of debtor's predecessor in which a chapter 11 trustee sought to avoid and recover, as fraudulent conveyances, the buyout payments made to transferees for debtor's stock.
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Commercial case opionion summary, case decided on October 10,2013, LexisNexis #1113-055