Dismissed For No Payment
September 27, 2017, Delaware – Plaintiff filed a suit to recover alleged preference transfers in the amount of $65,000. Our client supplied and delivered coffee products to the debtor. In defense of our client, we argued that the preference transfers fell within the historical period transactions and is thus protected from avoidance based on the Ordinary Course of Business and Subsequent New Value defenses. Plaintiff agreed to dismiss the case for no payment along with a waiver of pending claims.