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IN RE AGRIBIOTECH, INC.

Civ. No. CV-S-0537-PMP (LRL). Bankruptcy No. BK-S-00-10533-LBR. Adversary No. 02-1023-LBR.

319 B.R. 207 (2004)

In re AGRIBIOTECH, INC. Debtor. Anthony H.N. Schnelling, as Trustee of the AgriBioTech Creditors' Trust, the Duly Appointed and Authorized Representative of the Chapter 11 Estates of AgriBiotech, Inc., Las Vegas Fertilizer Co., Inc., Garden West Distributors, Inc., and Geo. W. Hill & Co., Inc., Plaintiff, v. Johnny R. Thomas; John C. Francis; Scott J. Loomis; James W. Hopkins; Kent Schultze; Richard P. Budd; Randy Ingram; Thomas B. Rice; Drew Kinder; James W. Johnston; L. Glenn Orr; Harrison M. Baines, Jr.; Kathleen L. Gillespie; Henry Ingalls; Doug Fisher; Kenneth Budd; KPMG Peat Marwick LLP, a limited liability partnership; KPMG Consulting, Inc., a Delaware corporation; Snow Becker Krauss, P.C., a professional corporation; Elliot Lutzker; Womble Carlyle Sandridge & Rice, PLLC, a professional limited liability company, Defendants.

United States District Court, D. Nevada.

December 8, 2004.

Attorney(s) appearing for the Case

Candace C. Carlyon, Shea & Carlyon, Las Vegas, NV, David Bryant, Scott M. DeWolf, Diamond, McCarthy, Taylor, Finley, Bryant & Lee, LLP, Jay Madrid, Winstead, Sechrest & Minick, Dallas, TX, for Anthony H.N. Schnelling, trustee.

Richard F. Holley, Victoria L. Nelson, Santoro, Driggs, Walch, Kearney, Johnson & Thompson, Las Vegas, NV, William K. Davis, Alan M. Ruley, Bell, Davis & Pitt, Winston-Salem, NC, for Defendant Richard P. Budd.

ORDER

PRO, Chief Judge.

Presently before the Court is Defendant Richard P. Budd's Motion for Reconsideration and Memorandum of Points and Authorities in Support CV-S-02-0885 (Doc. #685) filed on July 20, 2004. Plaintiff Anthony H.N. Schnelling filed Plaintiffs Response to Richard P. Budd's Motion for Reconsideration (Doc. # 724) on August 30, 2004. Defendant Richard P. Budd ("Budd") filed his Reply (Doc. # 749) on September 30, 2004.

I. BACKGROUND...

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