Collins. v. Sydow (In re NC12 Inc.)

Intervenors' security fund claims for misappropriation of debtor's assets remanded to state court.
Procedural posture: 
After defendants, individuals alleged to have misappropriated assets of debtor, a Nevada corporation, removed the within case from state court, plaintiffs, who were shareholders in debtor who had sued defendants in state court for breach of fiduciary duty and similar claims, moved to remand to state court. Plaintiffs thus joined intervenors, who also were asserting such claims against defendants, in seeking to return the case to state court.
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Commercial case opionion summary, case decided on August 30,2012, LexisNexis #1212-098