Battery One-Stop Ltd. v. Atari Corp. (In re Battery One-Stop Ltd.)

*728MEMORANDUM OF OPINION AND ORDER REVERSING DECISION OF BANKRUPTCY COURT AND REMANDING CASE TO THE BANKRUPTCY COURT

MATIA, District Judge.

This is an appeal from a final judgment of the Bankruptcy Court, which held that a garnishment of the funds of the debtor, Battery One-Stop Ltd. (“Battery”) by Atari Corporation was a preference under 11 U.S.C. § 547(b) and was therefore avoidable. That Court therefore granted Battery’s motion for summary judgment, denied Atari’s motion, and avoided the transfer of funds effected pursuant to the garnishment. After an examination of the briefs and record, the…