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IN RE NMI SYSTEMS, INC.

Bankruptcy Nos. 93-00934, 93-00935. Adv. No. 94-0026.

179 B.R. 357 (1995)

In re NMI SYSTEMS, INC. and Network Management, Inc., Debtors. NMI SYSTEMS, INC. and Network Management, Inc., Plaintiffs, v. Edward M. PILLARD, Defendant.

United States Bankruptcy Court, District of Columbia.

As Corrected March 29, 1995.

Attorney(s) appearing for the Case

Duane D. Morse, Washington, DC, for plaintiffs.

J. Stephen Simms, Baltimore, MD, for defendant.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

S. MARTIN TEEL, Jr., Bankruptcy Judge.

The plaintiffs, affiliated debtors in possession, have sued Edward M. Pillard to recover, as preferences or fraudulent conveyances or as amounts subject to turnover, sums paid to him as bonuses or draws on bonuses in the year preceding the filing of the debtor's bankruptcy cases. The court has heard the evidence and the arguments of counsel at a trial of November 22 and...

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