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IN RE ENRON CORP.

Bankruptcy No. 01 B 16034(AJG), Adversary No. 03-93370 A.

343 B.R. 75 (2006)

In re ENRON CORP., et al., Reorganized Debtors. Enron Corp., Plaintiff, v. International Finance Corp., et al., Defendants.

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

May 18, 2006.

Attorney(s) appearing for the Case

Togut, Segal & Segal, LLP, New York, NY (Howard P. Magaliff, Frank A. Oswald, of Counsel), for Reorganized Debtors.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY (Douglas R. Davis, Stephen J. Shimshak, James H. Millar, of Counsel), for Caisse de Depot et Placement du Quebec.

Clayman & Rosenberg, New York, NY (Paul Hugel, of Counsel), Williams & Connolly LLP, Washington, DC (Philip J. Ward, Helen I. Dooley, of Counsel), for National Australia Bank.

OPINION GRANTING DEFENDANTS' MOTIONS TO DISMISS COMPLAINT

ARTHUR J. GONZALEZ, Bankruptcy Judge.

The issue presented is whether recovery, pursuant to 11 U.S.C. § 550(a), of a transfer of a debtor's interest in property from a subsequent transferee requires as a prerequisite that the transfer have previously been avoided, pursuant to the trustee's avoidance powers, against the initial transferee. The Court concludes that although the two actions may be...

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