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IN RE GATEWAY PACIFIC CORP.

Bankruptcy No. 95-45160-399, Adv. No. 96-4201.

205 B.R. 164 (1997)

In re GATEWAY PACIFIC CORP. d/b/a Buffalo Tool, Debtor. OFFICIAL UNSECURED CREDITORS COMMITTEE, Plaintiff, v. EXPEDITORS INTERNATIONAL OF WASHINGTON, INC., Defendant.

United States Bankruptcy Court, E.D. Missouri, Eastern Division.

January 30, 1997.

Attorney(s) appearing for the Case

David A. Warfield, St. Louis, MO, for the Committee.

Mark Bertsch, St. Louis, MO.

Thomas S. Hemmendinger, Providence, RI, for Defendant.

Ira Potter, St. Louis, MO.

MEMORANDUM OPINION AND ORDER

BARRY S. SCHERMER, Bankruptcy Judge.

INTRODUCTION

This preference action presents the application of the contemporaneous exchange and ordinary course of business defenses. For the following reasons, the Court finds recoverable preferential transfers in the amount of $40,557.31.

JURISDICTION

The parties agree that this Court has jurisdiction over the subject...

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