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TELEFEST, INC. v. VU-TV, INC.

Civ. A. No. 83-694.

591 F.Supp. 1368 (1984)

TELEFEST, INC., Plaintiff, v. VU-TV, INC., Defendant, Manufacturers Hanover Trust Company and Barton Press, Inc., Intervenors.

United States District Court, D. New Jersey.

August 6, 1984.

Attorney(s) appearing for the Case

Stryker, Tams & Dill by Richard Zayas, Newark, N.J., for plaintiff.

Greenberg, Dauber & Epstein by Melvin Greenberg, Newark, N.J., for intervenor, Manufacturers Hanover Trust.

Sills, Beck, Cummis, Zuckerman, Radin & Tischman by Richard Trenk, Newark, N.J., for intervenor, Barton Press, Inc.

OPINION

BARRY, District Judge.

The question before the court is whether a security agreement executed on May 6, 1983 for the benefit of intervenor Manufacturers Hanover Trust ("MHT") by defendant VU-TV, Inc. ("VU-TV") and by the company of which VU-TV is a whollyowned subsidiary, CATV Products, Inc. ("CATV"), constituted a fraudulent conveyance within the meaning of the Uniform Fraudulent Conveyance Act ("UFCA"), as adopted by New Jersey, 25 N.J.S.A. 2-7...

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