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IN RE M. FABRIKANT & SONS, INC.

Case No. 06-12737 (SMB), (Jointly Administered), Adv. Pro. 08-1690 (SMB).

In re M. FABRIKANT & SONS, INC. and FABRIKANT-LEER INTERNATIONAL, LTD., Chapter 11 Debtors. ALAN M. JACOBS, as Trustee of the Shared Assets Trust, Plaintiff, GRAMERCY JEWELRY MANUFACTURING CORP., Defendant.

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

November 4, 2010.

Attorney(s) appearing for the Case

SILVERMAN ACAMPORA LLP, Jericho, New York. Lon J. Seidman, Esq. Of Counsel.

LOANZON SHEIKH LLC, New York, New York. Tristan C. Loanzon, Esq. Of Counsel.

STUART M. BERNSTEIN, Bankruptcy Judge

The plaintiff Alan M. Jacobs, as Trustee of the Shared Assets Trust, filed this adversary proceeding against Gramercy Jewelry Manufacturing Corp. ("Gramercy") under 11 U.S.C. § 547(b) to recover $103,831.52 paid by the debtors M. Fabrikant & Sons, Inc. ("MFS") and Fabrikant-Leer International. Ltd. ("FLI," and collectively with MFS, the "Debtors") during the 90-day period preceding the filing of the Debtors' chapter 11...

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