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IN RE CALUMET PHOTOGRAPHIC, INC.

Bankruptcy Case No. 14-08893 Adversary Case No. 16-00195.

594 B.R. 879 (2019)

IN RE: CALUMET PHOTOGRAPHIC, INC., et al., Debtors. Catherine Steege, as Trustee for Calumet Photographic, Inc., Plaintiff, v. Canon U.S.A., Inc., Defendant.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

Signed January 9, 2019.

Attorney(s) appearing for the Case

Howard L. Adelman, Erich S. Buck, Alexander F. Brougham, Adelman & Gettleman, Ltd., Attorneys for Chapter 7 Trustee.

David D. Cleary, Brett M. Doran, Martin S. Kedziora, Greenberg Traurig, LLP, Attorneys for Canon U.S.A.

ORDER ON MOTIONS FOR PARTIAL SUMMARY JUDGMENT

At issue before the court is the purely legal question of whether the law of this Circuit still holds that only unpaid new value can be used by a creditor to reduce preference liability under 11 U.S.C. § 547(c)(4...

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