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IN RE INSTRUMENTATION AND CONTROLS, INC.

Bankruptcy No. 13-17059 ELF. Adversary No. 13-0563.

506 B.R. 677 (2014)

In re INSTRUMENTATION AND CONTROLS, INC., Debtor. Instrumentation and Controls, Inc., ICI Green, L.L.C., Plaintiffs, v. Northeast Union, Inc., Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

Signed March 18, 2014.

Attorney(s) appearing for the Case

Steven D. Usdin, Flaster/Greenberg, Nella Moses Bloom, Philadelphia, PA, for Plaintiff.

Mark Coleman Wesoski, Law Office of Mark C. Wesoski, Perkasie, PA, for Defendant.

MEMORANDUM

ERIC L. FRANK, Chief Judge.

I.

In this adversary proceeding, the Plaintiffs Instrumentation and Controls, Inc. and ICI Green, LLC ("the Plaintiffs") seek to recover pre-petition payments totaling $31,950.00 as preferences pursuant to 11 U.S.C. §§ 547, 550.1 Defendant Northeast Union, Inc. ("the Defendant") asserts the defense that the Plaintiffs' payments constituted a contemporaneous exchange...

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