Official Committee of Unsecured Creditors v. Sharp Electronics Corp. (In Re Phelps Technologies, Inc.)

MEMORANDUM OPINION AND ORDER

JERRY VENTERS, Bankruptcy Judge.

This matter comes before the Court at this time on the competing and contested Motions for Summary Judgment filed by The Official Committee of Unsecured Creditors (“Committee”), the Plaintiff in this Adversary Proceeding, and Sharp Electronics Corporation (“Sharp”), the Defendant herein.

This Court has jurisdiction over this proceeding pursuant to 28 U.S.C. §§ 157 and 1334 and 11 U.S.C. § 547 because it arises in and is related to a case under the Bankruptcy Code (11 U.S.C. § 101, et seq.)(“Bankruptcy Code”). This proceeding is a core…