IN RE CHASE & SANBORN CORP.

No. 87-5896.

848 F.2d 1196 (1988)

In re CHASE & SANBORN CORPORATION, f/k/a General Coffee Corporation, Debtors. Paul C. NORDBERG, as Creditor Trustee, Plaintiff-Appellant, v. SOCIETE GENERALE, Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

July 8, 1988.


Attorney(s) appearing for the Case

Joel S. Weiss, Esanu, Katsky, Korins & Siger, New York City, Ronald G. Neiwirth, Miami, Fla., for plaintiff-appellant.

James L. Kerr, Davis, Polk & Wardwell, New York City, for defendant-appellee.

Before FAY and VANCE, Circuit Judges, and HOFFMAN, Senior District Judge.


FAY, Circuit Judge:

This case involves an attempt by Paul C. Nordberg, as trustee for the estate of Chase & Sanborn Corporation ("C & S"), to avoid a $500,000 transfer as a constructively fraudulent one.1 According to Nordberg, defendant Societe Generale was the initial transferee of the $500,000, which C & S wired into Colombian Coffee Corporation, Inc.'s ("Colombian Coffee") Societe...

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