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IN RE JAMES RIVER COAL CO.

Bankruptcy No. 05-03550. Adversary No. 06-03037-KRH.

360 B.R. 139 (2007)

In re JAMES RIVER COAL COMPANY, et al., Debtors. Anthony H.N. Schnelling, as Trustee of the JRCC Unsecured Creditor Liquidating Trust, Plaintiff, v. James B. Crawford, James D. Dotson, William E. Macaulay, Ben A. Guill, John A. Hill, George S. Slocum, John C. Bumgarner, Jr., A. Hugh Ewing, III, Edward A. Snyder, John R. Tellmann, Derrick Varney, J.R. Coal Associates, First Reserve Corporation, American Gas & Oil Investors, AMGO II, First Reserve Fund V, L.P., First Reserve Fund V-2, L.P., and First Reserve Fund VI, L.P., Defendants.

United States Bankruptcy Court, E.D. Virginia, Richmond Division.

February 8, 2007.

Attorney(s) appearing for the Case

Bryan J. Wick, Brant C. Martin, Wick Phillips LLP, Dallas, TX, Daniel Hays Puryear, David M. Anthony, Smythe & Puryear, Nashville, TN, for Plaintiff Anthony H.N. Schnelling.

Lynn L. Tavenner, Tavenner & Beran, PLC, Richmond, VA, Plaintiff Anthony H.N. Schnelling, as Trustee of the JRCC Unsecured Creditor Liquidating Trust.

James It. Kelley, Marc T. McNamee, Neal & Harwell, Nashville, TN, for Defendants James B. Crawford, James D. Dotson, George S. Slocum, John C. Bumgarner, Jr., A. Hugh Ewing, III, Edward A. Snyder, John R. Tellmann, Derrick Varney, J.R. Coal Associates.

Samuel W. Hixon, III, William H. Schwarzschild, III, Williams Mullen, Richmond, VA, for Defendants James B. Crawford, J.R. Coal Associates.

Eugene E. Derryberry, Harold David Gibson, Gentry Locke Rakes & Moore, Roanoke, VA, for Defendant James D. Dotson.

Gregory J. Kerwin, Gibson Dunn & Crutcher LLP, Denver, CO, Michael D. Mueller, Jennifer McLain McLemore, Christian & Barton, L.L.P., Richmond, VA, Randal Steven Mashburn, Baker Donelson Bearman & Caldwell, Nashville, TN, for Defendants William E. Macaulay, Ben A. Guill, John A. Hill, First Reserve Corporation, American Gas & Oil Investors, AMGO II, First Reserve Fund V, L.P., First Reserve Fund V-2, L.P., First Reserve Fund VI, L.P.

David J. Sensenig, Vernon E. Inge, Jr., E.G. Allen, Jr., LeClair Ryan, Richmond, VA, for Defendants George S. Slocum, John C. Bumgarner, Jr., A. Hugh Ewing, III, Edward A. Snyder, John R. Tellmann, Derrick Varney.

Robert B. Van Arsdale, Office of the United States Trustee, Richmond, VA.

AMENDED MEMORANDUM OPINION

KEVIN R. HUENNEKENS, Bankruptcy Judge.

Before the Court are the several motions to dismiss filed by the various defendants in this adversary proceeding. Hearing on the motions was held on October 12, 2006, at which time the Court took the matters under advisement. For reasons set forth below, the Court will deny the motions in part and grant the motions in part.

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