Denying Plaintiff's Motion to Abstain under 28 U.S.C. § 1334(c) based on the Plaintiff's claims "arising in" the underlying bankruptcy proceeding and Plaintiff's failure to prove that the claims could be timely adjudicated in state court; Plaintiff's claims "arise in" the underlying bankruptcy proceeding (In re Halo Technology Holdings, Inc., case numbers 07-50480 through 07-50481, 07-50486 through 50494, 07-50496 (Bankr. D. Conn.)) because the implicated Director and Officer's liability policy was an asset of the bankruptcy estate, with the debtor-in-possession as a named insured, and the proceeds of the policy were also an asset of the bankruptcy estate; the imposition of the automatic stay to any proceeding involving a bankruptcy estate assets would not allow Plaintiff's to timely adjudicate the matter in state court);
File:
Date:
07/29/2008