- 11 U.S.C.
Bolton v. Jacobson (In re Province Grande Olde Liberty LLC)
May
17
2013
Ruling
Relief from stay and motion for abstention granted to allow state court to adjudicate action arising out of alleged Ponzi scheme.
Procedural posture
Investors filed a state court action against debtor and others arising from an alleged Ponzi scheme. The investors sought relief from the automatic stay under 11 U.S.C.S. § 362(d)(1) and mandatory abstention and remand to the state court under 28 U.S.C.S. § 1334(c)(2).
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Court
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