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IN RE JULIEN CO.

Bankruptcy No. 90-20283-B (jmn). Adv. No. 90-0104.

168 B.R. 647 (1994)

In re The JULIEN COMPANY, Debtor. Jack F. MARLOW, Trustee, Plaintiff, v. ROLLINS COTTON COMPANY, A DIVISION OF LOR, INC., Defendant/Third Party Plaintiff, v. BANKERS TRUST COMPANY and L & S Cotton Systems, Inc., Third Party Defendants.

United States Bankruptcy Court, W.D. Tennessee, Western Division.

May 6, 1994.

Attorney(s) appearing for the Case

J. David Blaylock, Nan Barlow, Udelsohn, Blaylock & Marlow, P.C., Memphis, TN, for Jack Marlow, Trustee.

William J. Landers, Lee L. Piovarcy, Robert E. Orians, Martin, Tate, Morrow & Marston, P.C., Memphis, TN (Richard A. Rosen, Edward S. Zas, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, of counsel), for Bankers Trust Co.

John R. Dunlap, Thomas H. Fulton, Humphreys, Dunlap, Wellford, Acuff & Stanton, P.C., Memphis, TN, Allen I. Hirsch, Jerome L. Kaplan, Arnall, Golden & Gregory, Atlanta, GA, for Rollins Cotton Co.

Saul C. Belz, Waring Cox, Memphis, TN, for L & S Cotton Systems, Inc.

MEMORANDUM OPINION ON TRUSTEE'S COMPLAINT TO AVOID PREFERENTIAL TRANSFERS

WILLIAM HOUSTON BROWN, Bankruptcy Judge.

In this adversary proceeding, the Chapter 11 Trustee seeks to avoid as preferential transfers payments made by The Julien Company ("debtor") to the defendant Rollins Cotton Company ("Rollins") in the amount of $22,028,569.52. Rollins answered and filed a third party complaint against Bankers Trust Company ("BTCo") and L & S Cotton...

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