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MATTER OF GEC INDUSTRIES, INC.

Bankruptcy No. 89-44, Adv. No. 89-46.

128 B.R. 892 (1991)

In the Matter of GEC INDUSTRIES, INC., f/k/a Gates Engineering Co., Inc., Debtor. GEC INDUSTRIES, INC., f/k/a Gates Engineering Co., Inc., Plaintiff, v. COLONIAL RUBBER WORKS, INC., Defendant.

United States Bankruptcy Court, D. Delaware.

June 27, 1991.

Attorney(s) appearing for the Case

James L. Patton, Jr., Young, Conaway, Stargatt & Taylor, Wilmington, Del., Douglas J. Smillie, Pauline K. Morgan, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for debtor/plaintiff.

Francis J. Murphy, Ashby, McKelvie & Geddes, Wilmington, Del., for defendant.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

GEC Industries, Inc., formerly known as Gates Engineering Co. (Gates), brought a turnover/preference action against Colonial Rubber Works, Inc. (Colonial). Gates seeks to recover the value of certain roofing materials purchased from Colonial and which were stored at Colonial's warehouse facilities. Gates contends that Colonial wrongfully converted bailed goods or, in the alternative, the transfer...

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