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NATHAN v. BROWNSTONE PLASTICS, LLC

Civil Action No. 13-10034.

511 B.R. 863 (2014)

In re Kenneth A. NATHAN, Trustee of Timco, LLC, Plaintiff, v. BROWNSTONE PLASTICS, LLC, Defendant.

United States District Court, E.D. Michigan, Southern Division.

Signed March 18, 2014.

Attorney(s) appearing for the Case

Kenneth A. Nathan , Nathan Zousmer , Southfield, MI, for Plaintiff.

Matthew E. Wilkins , Paula A. Hall , Brooks Wilkins Sharkey & Turco, PLLC, Birmingham, MI, for Plaintiff.

Sheldon S. Toll , Sheldon S. Toll Assoc., Southfield, MI, for Defendant.

ORDER DENYING THE TRUSTEE'S MOTION FOR SUMMARY JUDGMENT (DKT. NO. 19)

MARK A. RANDON, United States Magistrate Judge.

I. INTRODUCTION AND PROCEDURAL HISTORY

A month before filing its voluntary Chapter 7 bankruptcy petition, Timco, LLC sold its business and existing assets to Brownstone Plastics, LLC through an Asset Purchase Agreement ("APA"); in exchange, Brownstone paid Timco ten dollars and agreed...

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