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IN RE MDIP INC.

Bankruptcy No. 01-10055 PJW, Adversary No. 03-55177(PJW).

332 B.R. 129 (2005)

In re MDIP INC. (formerly Mosler Inc.), et al., Debtors. The Litigation Trust of MDIP Inc. (formerly known as Mosler Inc.) and its Affiliates, as Assignee of Certain Claims Pursuant to the Second Amended Joint Plan of Liquidation of MDIP Inc. and its Affiliates, Plaintiff, v. De La Rue Cash Systems Inc., De La Rue Systems Americas Corporation, and De La Rue Inc., Defendants.

United States Bankruptcy Court, D. Delaware.

October 26, 2005.

Attorney(s) appearing for the Case

Robert J. Stearn, Jr., Marcos A. Ramos, Richards, Layton & Finger, P.A., Wilmington, DE, Kenneth S. GoodSmith, GoodSmith, Gregg & Unruh, LLP, Chicago, IL, for Defendants De La Rue Cash Systems Inc. and De La Rue Inc.

Mark Minuti, Saul Ewing LLP, Wilmington, DE, Howard B. Levi, Richard F. Lubarsky, Levi, Lubarsky & Feingenbaum LLP, New York, NY, for Plaintiff.

MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

In this adversary proceeding defendants De La Rue Cash Systems Inc.'s and De La Rue Inc.'s (collectively, the "Defendants") motion (Adv.Doc. # 97) seeks summary judgment on the fraudulent transfer claim of plaintiff Litigation Trust of MDIP Inc.'s adversary complaint. For the reasons set forth below, Defendants' motion for summary judgment will be denied.

BACKGROUND

On October 9, 1998...

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