Legal Opinion

Peltz Ex Rel. USN Communications Liquidating Trust v. Worldnet Corp. (In Re USN Communications, Inc.)

United States Bankruptcy Court, D. Delaware

Decided June 27, 2002No. 17-12609PublishedCited by 40 opinions

1Opinion of the Court

MEMORANDUM OPINION

PETER J. WALSH, Chief Judge.

This is the Court’s ruling following the trial on a complaint (“Complaint”) by Scott Peltz (“Plaintiff’ or “Trustee”), Trustee for the USN Communications Liquidating Trust, against Worldnet Corporation (‘Worldnet” or “Defendant”) to recover avoidable transfers. 1 For the reasons discussed below, I will find in favor of Plaintiff.

BACKGROUND

Worldnet is in the business of providing highly skilled computer, information and communication systems consultants to its customers. (Stipulated Pre-Trial Order (Doc. # 37) (“Pre-Trial Order”) ¶ 10.) Pri- or to…

2Cases cited45 opinions

In Re Varat Enterprises, Inc., Debtor. First Union Commercial Corporation v. Nelson, Mullins, Riley and ScarboroughCourt of Appeals for the First Circuit · 1996
City of Milwaukee v. Cement Division, National Gypsum Co.Supreme Court of the United States · 1995
Falk v. BrennanSupreme Court of the United States · 1973
CoreStates Bank, N.A. v. Huls America, Inc.Court of Appeals for the Third Circuit · 1999
Donaldson v. BernsteinCourt of Appeals for the Third Circuit · 1997

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3Cited by40 opinions

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Elk Horn Coal Co. v. Conveyor Manufacturing & Supply, Inc. (In Re Pen Holdings, Inc.)United States Bankruptcy Court, M.D. Tennessee · 2004
In Re Hechinger Investment Company of Delaware, Inc., Debtors. Hechinger Investment Company of Delaware, Inc. v. Universal Forest Products, Inc., No. 06-2166. In Re Hechinger Investment Company of Delaware, Inc., Debtors. Hechinger Investment Company of Delaware, Inc. v. Universal Forest Products, Inc. Hechinger Liquidation Trust, as Successor in Interest to Hechinger Investment Company of Delaware Inc., Debtors in Possession, No. 06-2229Court of Appeals for the Third Circuit · 2007

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