In Re Molded Acoustical Products, Inc., Debtor. Fiber Lite Corporation v. Molded Acoustical Products, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that defendant had not presented sufficient evidence to show the transaction was objectively ordinary
• discussing how to interpret “ordinary business terms” to give it □ meaning separate from what was required by other parts of the ordinary course of business defense
• Fiber Lite, the transferee in Molded Acoustical, bore burden of proof therein on what constituted relevant industry standard
• “the preference rule is formulated to induce creditors to continue dealing with a distressed debtor so as to kindle its chances of survival”
• where the lower court concluded that a payment history of twenty one months prior to a preference period was sufficient to establish an ordinary course of business
• court looked “at the range of terms on which firms comparable to Fiber Lite [ (ie., the transferee)] on some level provide credit to firms comparable to the debtor on some level”

Source: CourtListener parenthetical corpus (CC0).