Legal Opinion
Savage & Associates, P.C. v. Level(3) Communications (In Re Teligent, Inc.)
United States Bankruptcy Court, S.D. New York
Decided October 12, 2004No. 19-35034PublishedCited by 14 opinions
1Opinion of the Court
POST-HEARING FINDINGS OF FACT AND CONCLUSIONS OF LAW REGARDING “NEW VALUE” DEFENSE
STUART M. BERNSTEIN, Chief Judge.
Section 547(c)(4) permits a defendant in a preference action to offset his liability to the extent he gave “new value” to the debtor after the preferential transfer. The principal issue in this case is whether the defendant, Level (3) Communications (“Level-3”), proved its “new value” defense at trial simply by offering into evidence the invoices pertaining to the “new value” services without additional proof that the services were actually provided. For the reasons that follow,…
2Cases cited22 opinions
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Kramer, Levin, Nessen, Kamin & Frankel v. AronoffDistrict Court, S.D. New York · 1986
- Laker v. Vallette (In Re Toyota of Jefferson, Inc.)Court of Appeals for the Fifth Circuit · 1994
- Cassirer v. Herskowitz (In Re Schick)United States Bankruptcy Court, S.D. New York · 1999
- Minerva H. SANDERS, Plaintiff-Appellant, v. GENERAL SERVICES ADMINISTRATION, Et Al., Defendants-AppelleesCourt of Appeals for the Seventh Circuit · 1983
17 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In Re Pameco Corp.United States Bankruptcy Court, S.D. New York · 2006
- Bruno MacHinery Corp. v. Troy Die Cutting Co. (In Re Bruno MacHinery Corp.)United States Bankruptcy Court, N.D. New York · 2010
- Buchwald Capital Advisors LLC v. Metl-Span I., Ltd.United States Bankruptcy Court, S.D. New York · 2006
- Responsible Person of Musicland Holding Corp. v. Best Buy Co. (In re Musicland Holding Corp.)United States Bankruptcy Court, S.D. New York · 2011
- Webster v. Harris Corp. (In Re NETtel Corp.)District Court, District of Columbia · 2004
9 more not listed; retrieve them via the Exa API.