Musicland Seeks Doc To Prove Best Buy Owes $232M

Law360, New York (February 24, 2012, 4:07 PM EST) -- Musicland Holding Corp. says former parent Best Buy Co. Inc. owes the liquidated music retailer $232 million in preferential transfers it received in 2003, according to court documents filed Friday seeking admission into evidence of ledgers it says prove the amount.

Musicland and its official committee of unsecured creditors are seeking either an order that the monthly ledgers are business records admissible to evidence the transfers or an order granting the presumption that Best Buy received at least $232 million from Musicland between March 31, 2003,...
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