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IN RE DAVID

Bankruptcy Nos. LA91-69225TD, LA91-70840TD. Adv. No. LA95-03287TD.

193 B.R. 935 (1996)

In re Simon DAVID, Debtor. In re Edyth DAVID, Debtor. Samuel R. BIGGS, Chapter 7 Trustee, Plaintiff, v. SMITH BARNEY, INC., Defendant.

United States Bankruptcy Court, C.D. California.

April 3, 1996.

Attorney(s) appearing for the Case

Daniel J. McCarthy, Hill, Farrer & Burrill, Los Angeles, CA, for Plaintiff.

Adam R. Eaton, Orrick, Herrington & Sutcliffe, Los Angeles, CA, for Defendant.

MEMORANDUM OF DECISION AND ORDER THEREON

THOMAS B. DONOVAN, Bankruptcy Judge.

This was an action to avoid alleged preferential transfers brought by Chapter 7 Trustee Samuel R. Biggs (the "Trustee") on August 5, 1994. The defendant, Smith Barney, Inc., is the successor in interest to Lehman Brothers, Inc., formerly known as Shearson Lehman Brothers, Inc. ("Shearson"). Both Shearson and Smith Barney are stockbrokers. On April 10, 1995, the court entered an...

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