Legal Opinion

Official Committee of Unsecured Creditors of Quantum Foods, LLC v. Tyson Foods, Inc. (In re Quantum Foods, LLC)

United States Bankruptcy Court, D. Delaware

Decided July 25, 2016No. Case No. 14-10318 (Jointly Administered); Adv. No. 15-50254 (KJC)PublishedCited by 5 opinions

1Opinion of the Court

OPINION2

BY: KEVIN J. CAREY, UNITED STATES BANKRUPTCY JUDGE

The Official Committee of Unsecured Creditors (the “Committee”) of Quantum *731Foods, LLC seeks to avoid and recover multiple transfers totaling $13,596,149 to Tyson Fresh Meats, Inc. and $151,784 to Tyson Foods, Inc. (referred to jointly herein as “Tyson”) pursuant to Bankruptcy Code §§ 547, 548(a)(1)(B), and 550. The Committee also asserts that any claim Tyson holds against the Debtors’ estates should be disallowed pursuant to Bankruptcy Code § 502(d) until Tyson returns the amount of the alleged preferential transfers to the Debtors’…

2Cases cited21 opinions

Union Bank v. WolasSupreme Court of the United States · 1991
Lee v. SchweikerCourt of Appeals for the Third Circuit · 1984
Friedman's Liquidating Trust v. Roth Staffing Companies LP (In Re Friedman's Inc.)Court of Appeals for the Third Circuit · 2013
In Re: Kiwi International Air Lines, Inc. Simon Kimmelman, Trustee in Bankruptcy in No. 02-1037 v. The Port Authority of New York and New Jersey Simon Kimmelman, Trustee in Bankruptcy in No. 02-1038 v. Sabre Decision Technologies, Inc. Simon Kimmelman, Trustee in Bankruptcy in No. 02-1654 v. Cit Group/credit Finance, Inc. A/K/A the Cit Group, IncCourt of Appeals for the Third Circuit · 2003
Mohawk Industries Inc. v. United States (In Re Mohawk Industries, Inc.)United States Bankruptcy Court, D. Massachusetts · 1987

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