Williams v. E.A. Martin Machinery Co. (In re Newman)

ORDER DENYING MOTION FOR STAY PENDING APPEAL

DENNIS J. STEWART, Chief Judge.

This court issued a final judgment on April 10, 1986, in favor of plaintiff, directing that the defendant repay to plaintiff the sum of $20,000, the equivalent in value of a postpetition transfer under section 549 of the Bankruptcy Code, plus interest at 9% per annum from the date of the transfer, March 11, 1985. The defendant filed a notice of appeal from the judgment. On the same date, it filed a motion for stay pending appeal, stating only that it “believes that it has a meritorious appeal and that such appeal is…