Gowan v. Wachovia Bank, N.A. (In Re Dreier LLP)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION AND ORDER GRANTING MOTION TO DISMISS THE COMPLAINT WITH LEAVE TO REPLEAD
STUART M. BERNSTEIN, Bankruptcy Judge.
Over the course of three years, Wacho-via Bank, N.A. (“Wachovia”) made various loans or extended credit to the debtor, Dreier LLP, in exchange for security interests in Dreier LLP’s property. Sheila M. Gowan, the chapter 11 trustee of the estate of Dreier LLP (the “Trustee”), filed this adversary proceeding to avoid those liens and recover all sums paid by Dreier LLP to Wachovia. Wachovia moved to dismiss the complaint pursuant to Rule 12(b)(6) of the Federal Rules…
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