RMM Records & Video Corp. v. Universal Music & Video Distribution Co. (In Re RMM Records & Video Corp.)

OPINION GRANTING MOTION FOR SUMMARY JUDGMENT AND ADDRESSING MOTION FOR FINAL ENTRY OF JUDGMENT UNDER FED.R.CIV.P. 54(b)

ARTHUR J. GONZALEZ, Bankruptcy Judge.

I. INTRODUCTION

This adversary proceeding arises from the non-payment of money due under a promissory note issued by defendant Universal Music and Video Distribution Corporation (“Universal” or “Defendant”) to plaintiff RMM Records and Video Corporation (“RMM” or “Plaintiff’). RMM filed for bankruptcy in November 2000, and subsequently sold its assets to Universal in exchange, in part, for money due under the promissory note (the “Note”).…