Fairfield Sentry Ltd. V. Theodore GGC Amsterdam (In re Fairfield Sentry Ltd.)

Ruling: 
Claims by foreign representatives of debtors in foreign insolvency proceedings were properly removed to bankruptcy court.
Procedural posture: 
Plaintiffs, foreign representatives of debtors in foreign insolvency proceedings, brought a multitude of actions in state court against defendant financial entities seeking to recover amounts paid to the entities based on the debtors' participation in a fraudulent investment scheme. The actions were removed to the bankruptcy court, and certain entities moved for remand or abstention with regard to certain of the actions.
Issue: 
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Commercial case opionion summary, case decided on May 23,2011, LexisNexis #0611-136