- 28 U.S.C.
Arcadia Group LLC v. Arcadius Investors LLC (In re Arcadia Dev. LLC)
Jun
09
2010
Ruling
Bankruptcy court exercised permissive abstention and remanded sate law case related to debtor's bankruptcy.
Procedural posture
A chapter 11 debtor's membership consisted of two entities. Prior to the filing of a petition, those entities were on opposite sides of state court litigation, which was removed to this court. Plaintiff, one of the entities, for itself and derivatively on behalf of the debtor and others, filed a motion to remand and abstain. Defendant, the other entity, for itself and derivatively on behalf of the debtor and others, moved to retain jurisdiction.
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Court
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