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14-1818 - Dots, LLC et al v. Milberg Factors Inc.

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Raymond Lyons, Mediator
Dots, LLC, Plaintiff
IPC/Dots LLC, Plaintiff
Dots Gift LLC, Plaintiff
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14-1818 - Dots, LLC et al v. Milberg Factors Inc.
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January 11, 2017
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Opinion Summary: Debtor Dots, LLC's Motion for Partial Summary Judgment is Denied. A more complete record is needed for a determination as to Defendant Factors' ordinary business terms defense under 547(c)(2)(B). Defendant Factors provided new value to Debtor Dots in form of goods and, thus, are entitled to assert a new value affirmative defense under 547(c)(4). (related document:18 Motion For Summary Judgment RE: Preference in favor of Dots, LLC and against Milberg Factors. filed by Plaintiff Dots, LLC).. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 1/11/2017 (wir)