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South Valley Bank & Trust v. Sequoia Vill. LLC (In re Sequoia Vill. LLC)

South Valley Bank & Trust v. Sequoia Vill. LLC (In re Sequoia Vill. LLC)

Ruling
Remand of bank's case against debtor and 15 other non-debtor defendants denied where related proceeding was pending in district court.
Procedural posture

Bank filed a complaint against debtor and 15 other non-debtor defendants in state court. The debtor filed a chapter 11 petition and on the same date removed the action to the bankruptcy court. The debtor filed a motion for withdrawal of reference, and the bank objected. The bank filed a motion for remand pursuant to 28 U.S.C.S. § 1452(b).

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Commercial opinion summary, case decided on February 14, 2012 , LexisNexis #0312-034