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IN RE FORMTECH INDUSTRIES, LLC

Bankruptcy No. 09-12964 (MFW). Adversary No. 10-50186 (MFW).

439 B.R. 352 (2010)

In re FORMTECH INDUSTRIES, LLC, and FormTech Industries Holdings, LLC, Debtors. HHI FormTech, LLC, Plaintiff, v. Magna Powertrain USA, Inc. and Magna Powertrain, Inc., Defendants.

United States Bankruptcy Court, D. Delaware.

November 17, 2010.

Attorney(s) appearing for the Case

Lynn M. Brimer, Esquire , Meredith E. Taunt, Esquire , Strobl & Sharp, P.C., Bloomfield Hills, MI, Steven M. Yoder, Esquire , Jeremy W. Ryan, Esquire , Etta R. Wolfe, Esquire , Kristi S. Schubert, Esquire , Potter Anderson & Corroon LLP, Wilmington, DE, for Debtors.

Norman L. Pernick, Esquire , Karen McKinley, Esquire , Cole, Schotz, Meisel, Forman & Leonard, P.A., Wilmington, DE, Mark K. Thomas, Esquire , Jeremy T. Stillings, Esquire , Proskauer Rose LLP, Chicago, IL, for Plaintiff.

Richard M. Apkarian Jr., Esquire , Brian M. Akkashian, Esquire , Kristi A. Katsma , Dikinson Wright PLLC, Detroit, MI, Matthew P. Ward, Esquire , Womble Carlyle Sandridge & Rice PLLC, Wilmington, DE, for Defendants.

MEMORANDUM OPINION1

MARY F. WALRATH, Bankruptcy Judge.

Before the Court are the parties' cross motions for summary judgment. The Plaintiff, HHI FormTech, LLC ("HHI"), moves for summary judgment on its Complaint, seeking a declaration that it acquired accounts receivable due from Magna free and clear of setoff or recoupment for damages arising from the Debtors' rejection of Magna's contracts. The Defendants, Magna...

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