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IN RE BROADWAY CITY, LLC

Bankruptcy No. 03-14928(JMP). Adversary No. 05-2365 (JMP).

358 B.R. 628 (2007)

In re BROADWAY CITY, LLC, Debtor. Robert L. Geltzer, As Chapter 7 Trustee of Broadway City, LLC, Plaintiff, v. Gametech Investors LLC, Defendant.

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

January 25, 2007.

Attorney(s) appearing for the Case

Klestadt & Winters, LLP, John E. Jureller, Jr., Esq., Sean C. Southard, Esq., New York, NY, for Gametech Investors LLC.

Bryan Cave LLP, Lawrence P. Gottesman, Esq., Thomas J. Schell, Esq., Scott H. Kaiser, Esq., New York, NY, for Robert L. Geltzer as Chapter 7 Trustee of Broadway City, LLC.

MEMORANDUM OF DECISION DENYING DEFENDANT'S MOTION FOR SUMMARY JUDGMENT

JAMES M. PECK, Bankruptcy Judge.

Before the Court is defendant's Motion for Summary Judgment in an adversary proceeding commenced by the chapter 7 Trustee of Broadway City, LLC (the "Debtor") against a former investor in the Debtor that, as part of a prepetition recapitalization of the enterprise and as a means to attract additional investment, redeemed its membership interests...

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