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IN RE CVEO CORP.

Bankruptcy No. 01-0223(MFW). Adversary No. 03-54130.

320 B.R. 258 (2005)

In re CVEO CORPORATION, f/k/a/CONVERSE, INC., Debtor. Argus Management Group as Trustee for the Creditors Reserve Trust, Plaintiff, v. Chanin Capital Partners, LLC, Defendant.

United States Bankruptcy Court, D. Delaware.

January 24, 2005.

Attorney(s) appearing for the Case

Jason C. Powell, Jason Custer Powell, Theodore J. Tacconelli, Ferry & Joseph PA, Wilmington, DE, Kevin G. Hroblak, Whiteford, Taylor & Preston, LLP, Baltimore, MD, for Argus Management Group as trustee for the Creditors Reserve Trust, Plaintiff.

Laura Davis Jones, Rachel Lowy Werkheiser, Pachulski, Stang, Ziehl, Young & Jones, Wilmington, DE, for Official Committee of Unsecured Creditors of Converse, Inc., Creditor Committee.

Sherry Ruggiero Fallon, Esquire, Tybout Redfearn & Pell, Wilmington, DE, for Chanin Capital Partners, LLC, Defendant.

Julie L. Compton, U.S. Trustee, Office of the U.S. Trustee, Wilmington, DE, U.S. Trustee.

MEMORANDUM OPINION1

MARY F. WALRATH, Chief Judge.

The Plaintiff, the trustee for the Creditors Reserve Trust, seeks summary judgment on its Complaint to Avoid Preferential and Fraudulent transfers under the Bankruptcy Code and the Massachusetts Uniform Fraudulent Transfer Aet. The Defendant opposes the Motion, asserting that there are material issues of disputed fact. For the reasons set forth below, we will deny...

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