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D.E. Frey Group Inc. v. FAS Holdings Inc. (In re D.E. Frey Group Inc.)

D.E. Frey Group Inc. v. FAS Holdings Inc. (In re D.E. Frey Group Inc.)

Ruling
Claimant's motion for dismissal or abstension was denied since the claimant's filing of a proof of claim and the obvious efficiencies of having the court adjudicate the debtor's related counterclaims weighed heavily against the court exercising its discre
Procedural posture

Plaintiff debtor filed an adversary proceeding against defendant claimant, a party which filed a proof of claim. Debtor asserted eight claims for relief — breach of agreement, breach of implied covenants, interference with prospective economic advantage, fraud, breach of fiduciary duty, conversion, turnover, and determination of validity, priority and extent of liens. Pending was the claimant's motion to dismiss or abstain.

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opinion summary, case decided on February 01, 2006 , LexisNexis #0306-068