United States Third Circuit

Debtor's assumption of a contract under 11 U.S.C. section 365 bars a preference claim by a trustee, and section 1110 precludes a trustee from bringing a preference action to recover payments made on aircraft equipment leases.

Appellate Information

• Argued 12/12/2002
• Decided 09/25/2003
• Published 09/25/2003

Judges

• Before FUENTES and STAPLETON, Circuit Judges and O'KELLEY, District Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Jeffrey S. Posta, (Argued), Sterns & Weinroth, P.C., Trenton, NJ, for Appellant Simon Kimmelman, Trustee.


• For Appellees:
  
• Anne M. Tannenbaum, (Argued), Hugh H. Welsh, Michael E. Jankoski, The Port Authority of New York and New Jersey Law Department, Opinions & Appeals Division, New York, NY, for Appellee The Port Authority of New York and New Jersey., Stephen C. Stapleton, (Argued), Maricela R. Moore, Cowles & Thompson, P.C., Dallas, TX, for Appellee Sabre Decision Technologies, Inc., James M. Peck. (Argued), Alix S. Pustilnik, Schulte Roth & Zabel LLP, New York, NY, David Wolff, Hellring Lindeman Goldstein & Siegal LLP, Newark, NJ, for Appellee The CIT Group Credit Finance, Inc. a/k/a The CIT Group, Inc.