Bolton v. Jacobson (In re Province Grande Olde Liberty LLC)

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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Commercial case opionion summary, case decided on May 17,2013, LexisNexis #0613-078