Grain Co. Fights Rejection Of $5.4M Corn Supply Claim

Law360, New York (December 3, 2009, 3:14 PM EST) -- A receiver for Olsen’s Mill Inc. has appealed a bankruptcy court's rejection of a $5.4 million claim the grain company brought related to a deal to supply bankrupt ethanol producer Renew Energy LLC with corn.

Receiver Michael S. Polsky's appellate brief, filed Wednesday in the U.S. District Court for the Western District of Wisconsin, challenges a Sept. 30 ruling in bankruptcy court disallowing his administrative claim made under a 2005 federal law designed to protect the value of goods purchased within 20 days of a Chapter...
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