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IN RE MAGNESIUM CORP. OF AMERICA

Bankruptcy No. 01-14312 (REG). Adversary No. 04-02656 (REG).

460 B.R. 360 (2011)

In re MAGNESIUM CORPORATION OF AMERICA, et al., Debtors. Lee E. Buchwald, Chapter 7 Trustee of the estates of Magnesium Corporation of America and Renco Metals, Inc., Plaintiff, v. Williams Energy Marketing & Trading Co., f/k/a Barrett Resources Corp., Defendant.

United States Bankruptcy Court, S.D. New York.

October 17, 2011.

Attorney(s) appearing for the Case

Nicholas F. Kajon, Stevens & Lee, P.C., New York City, Jocelyn Keynes Szekretar, Halperin Battaglia Raicht, LLP, New York City, for Plaintiff.

Bonnie N. Hackler, Steven W. Soule, Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C., Tulsa, OK, Jeffery M. Sherman, Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C., Washington, D.C., for Defendant.

DECISION AND ORDER ON CROSS-MOTIONS FOR SUMMARY JUDGMENT

ROBERT E. GERBER, Bankruptcy Judge.

In this avoidance action adversary proceeding under the umbrella of the chapter 7 case of Magnesium Corporation of America ("MagCorp"), chapter 7 trustee Lee E. Buchwald (the "Trustee") seeks to recover approximately $4.1 million in allegedly voidable preferential payments that had been made to the predecessor of defendant Williams Power...

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