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IN RE TELIGENT, INC.

Bankruptcy No. 01-12974(SMB). Adversary No. 03-3725.

337 B.R. 39 (2005)

In re TELIGENT, INC., Reorganized Debtor. Savage & Associates, P.C., as Unsecured Estate Claim Representative, Plaintiff, v. A.I. Credit Corp., Defendant.

United States Bankruptcy Court, S.D. New York.

September 2, 2005.

Attorney(s) appearing for the Case

Savage & Associates, P.C., Denise L. Savage, Michael K. Gertzer, of Counsel, White Plains, NY, for Plaintiff.

Zeichner Ellman & Krause LLP, Michael S. Davis, Anthony I. Giacobbe, Jr., of Counsel, New York City, for Defendant.

OPINION GRANTING MOTION FOR SUMMARY JUDGMENT AND DENYING CROSS-MOTION TO PRECLUDE

STUART M. BERNSTEIN, Chief Judge.

The defendant in this preference action moved for summary judgment, contending that it was fully secured at the time of each transfer. The plaintiff opposed the motion and cross-moved to preclude the defendant from offering certain evidence. For the reasons that follow, the motion is granted and the cross-motion is denied.

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