Amdura National Distribution Co. v. Amdura Corp. (In Re Amdura Corp.)

MEMORANDUM OPINION AND ORDER

BABCOCK, District Judge.

Appellant Amdura National Distribution Company (Andco), a subsidiary of Amdura Corporation, Inc. (Amdura), seeks reversal of the Bankruptcy Court’s September 13, 1993 order granting appellee Amdura’s motion for summary judgment and denying Andco’s cross-motion. At issue is whether the bankruptcy court committed any reversible error in denying Andco’s request for turnover of funds pursuant to 11 U.S.C. § 542 in a bank account known as the “concentration account”. The bankruptcy court held that Andco, based upon the undisputed facts in the…