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IN RE FLASHCOM, INC.

Bankruptcy No. SA 00-19215 JR, Adversary No. SA 02-01620 JR.

361 B.R. 519 (2007)

In re FLASHCOM, INC., Debtor. Carolyn A. Dye, Liquidating Trustee, Plaintiff, v. Andra Sachs; Communications Ventures III, LP; Communications Ventures III CEO & Entrepreneurs' Funds LP; Mayfield IX; Mayfield Associates Funds IV; David Helfich; Todd Brooks; Bradford Sachs; Richard Rasmus; and Kevin Fong, Defendants.

United States Bankruptcy Court, C.D. California.

February 5, 2007.

Attorney(s) appearing for the Case

Richard H. Golubow, Winthrop Couchot, Newport Beach, CA, for Debtor.

MEMORANDUM OPINION

JOHN E. RYAN, Bankruptcy Judge.

I. INTRODUCTION

On July 22, 2002, Carolyn Dye ("Movant") filed an amended complaint against the defendants (collectively, "Defendants"), in part, to avoid and recover the debtor's transfer of $9 million to Andra Sachs ("Andra") on February 23, 2000 (the "Transfer") under 11 U.S.C. §§ 547(b) and 550.1 Thereafter, Movant and Andra reached a settlement. In furtherance...

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