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IN RE CVEO CORP.

Bankruptcy No. 01-0223MFW, Adversary No. 03-50346.

327 B.R. 210 (2005)

In re CVEO CORPORATION f/k/a Converse, Inc., Debtor. Argus Management Group, as Trustee for the Creditors Reserve Trust, Plaintiff, v. GAB Robins, Inc., and GAB Robins North America, Defendants.

United States Bankruptcy Court, D. Delaware.

July 7, 2005.

Attorney(s) appearing for the Case

Jason C. Powell, Esquire, Wilmington, DE, Martin T. Fletcher, Esquire, Whiteford, Taylor & Preston, L.L.P., Baltimore, MD, for the Plaintiff.

Danielle K. Yearick, Esquire, Tybout, Redfearn & Pell, Wilmington, DE, for the Defendant.

MEMORANDUM OPINION1

MARY F. WALRATH, Chief Judge.

Before the Court is the Plaintiff's Motion for Summary Judgment on its Complaint for Avoidance of Preferential Transfers and the Defendant's Reply and Cross Motion for Summary Judgment. For the reasons set forth below, the Court will deny the Cross Motions for Summary Judgment.

I. FACTUAL BACKGROUND

On January 22, 2001, Converse, Inc. ("the Debtor...

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