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IN RE COMARK

Bankruptcy No. SA 82-03850JB, Adv. No. SA 85-1162JB.

124 B.R. 806 (1991)

In re COMARK, Debtor. Sam JONAS, Chapter 7 Trustee, Plaintiff, v. FARMER BROS. CO., Defendant.

United States Bankruptcy Court, C.D. California.

March 7, 1991.

Attorney(s) appearing for the Case

Robin Campbell, Walker, Wright, Tyler & Ward, Los Angeles, Cal., for Farmer Bros. Co.

Thomas E. Garcin, Stutman, Treister & Glatt, Los Angeles, Cal., for Trustee Sam Jonas.

MEMORANDUM OF DECISION

JAMES N. BARR, Bankruptcy Judge.

SUMMARY

On June 9, 1982, eighty-four days before Comark was drawn into this Chapter 7 bankruptcy case involuntarily, it wired defendant Farmer Brothers Company (FBC) the sum of $4,963,351.25. The bankruptcy trustee (the Trustee) charges that the payment was a preferential repayment of debt.1 FBC contends it was a payment from its stockbroker, Comark, "settling...

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