BOGDANOV v. AVNET, INC.

Case No. 10-cv-543-SM, Opinion No. 2011 DNH 153.

Olga L. Bogdanov, Trustee of Amherst Technologies, LLC, Appellant/Cross-Appellee, v. Avnet, Inc., Appellee/Cross-Appellant.

United States District Court, D. New Hampshire.

September 30, 2011.


ORDER

STEVEN J. McAULIFFE, Chief Judge.

The Trustee in this adversary proceeding seeks to avoid preferential payments made to Avnet, Inc., Amherst's largest unsecured creditor. The matter was tried in the bankruptcy court, which held that Avnet established a subsequent new value defense under 11 U.S.C. § 547(c)(4), thereby substantially limiting the Trustee's recovery of preferential payments. The Trustee appeals and Avnet cross...

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