IN RE LEWELLYN & CO., INC.

No. 89-2952.

929 F.2d 424 (1991)

In re LEWELLYN & CO., INC., and Gary Vance Lewellyn, Debtors. Paul R. TYLER, Trustee, Appellant, v. SWISS AMERICAN SECURITIES, INC., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided April 1, 1991.


Attorney(s) appearing for the Case

Brent R. Appel, Des Moines, Iowa, for appellant.

Matthew Gluck, New York City, for appellee.

Before JOHN R. GIBSON, Circuit Judge, and HEANEY, Senior Circuit Judge, and LARSON, District Judge.


HEANEY, Senior Circuit Judge.

Paul R. Tyler, trustee for the consolidated bankruptcy estates of Gary Lewellyn and G.V. Lewellyn & Co. (GVL), appeals from the district court's affirmance of the bankruptcy court's finding that a transfer of stock by Lewellyn to Swiss American Securities, Inc. (SASI) was a non-avoidable preference under 11 U.S.C. § 547(c). We affirm.

BACKGROUND

GVL was a securities brokerage firm incorporated in 1980 in Des...

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