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IN RE DIVERSIFIED WORLD INVESTMENTS, LTD.

Bankruptcy No. 81-00746-HB, Adv. No. 81-0232-HP.

12 B.R. 517 (1981)

In re DIVERSIFIED WORLD INVESTMENTS, LTD., Debtor. DIVERSIFIED WORLD INVESTMENTS, LTD., Plaintiff, v. OMNI INTERNATIONAL, LTD., (Formerly known as Euro-Air Finance, Ltd.), Defendant.

United States Bankruptcy Court, S.D. Texas, Houston Division.

July 14, 1981.

Attorney(s) appearing for the Case

Hugh M. Ray, Andrews, Kurth, Campbell & Jones, Houston, Tex., for plaintiff.

Rhett G. Campbell, Morris, Campbell & Seikel, Houston, Tex., for defendant.

Memorandum Opinion on Motion to Dismiss

E.H. PATTON, Jr., Bankruptcy Judge.

The matter before the court is a motion to dismiss a complaint brought by a Chapter 11 debtor in possession to recover alleged preferential transfers made by the plaintiff to the defendant.

Diversified World Investments, Ltd. (hereinafter referred to as Diversified) agreed to purchase a Boeing aircraft from Omni International, Ltd. (hereinafter referred to as Omni) on December...

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