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MATTER OF ENERGY CO-OP., INC.

No. 86-1243.

814 F.2d 1226 (1987)

In the Matter of ENERGY COOPERATIVE, INC., a Delaware corporation, Bankrupt-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 24, 1987.

As Modified on Denial of Rehearing June 10, 1987.

Attorney(s) appearing for the Case

Ronald Barliant, Miller, Shakman, Nathan & Hamilton, Chicago, Ill., for bankrupt-appellant.

Pamela S. Hollis, Hinshaw, Culbertson, Moelmann, Hoban & Fuller, Chicago, Ill., for appellee.

Before CUDAHY, EASTERBROOK and RIPPLE, Circuit Judges.

CUDAHY, Circuit Judge.

Energy Cooperative, Inc. ("ECI") appeals the dismissal of its suit against Phillips Petroleum Company ("Phillips") to recover more than $7.3 million which ECI claims is a voidable preference under section 547(b) of the Bankruptcy Code. 11 U.S.C. § 547(b) (1982). We conclude that this cause of action is barred by res judicata and accordingly affirm the decision of the district court.

I.

ECI operated a petroleum refinery...

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