Joremi Enters. v. Hershkowitz (In re New 118th LLC)

Ruling: 
Guarantee dispute remanded pursuant to mandatory abstention once established that the matter would not affect administration.
Procedural posture: 
Plaintiff investors brought an action in state court against defendants: debtor, three individuals, et al. After that court ordered relief against the affiliated debtors, plaintiffs removed the action to district court which referred it to the instant court. Plaintiffs assigned the proceeds of their claims to debtors'estates, and filed an amended complaint, which dropped all defendants other than the individuals, one of which moved to remand.
Issue: 
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Commercial case opionion summary, case decided on November 13,2008, LexisNexis #1208-091