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IN RE MUSICLAND HOLDING CORP.

Bankruptcy No. 06-10064 (SMB). Adversary No. 08-01023.

398 B.R. 761 (2008)

In re MUSICLAND HOLDING CORP., et al., Debtors. The Responsible Person of Musicland Holding Corp., et al., Plaintiff, v. Best Buy Co., Inc., Bradbury H. Anderson, David P. Berg, Connie B. Fuhrman, Kevin P. Freeland, Darren R. Jackson, Rodger R. Krouse, Marc J. Leder, Allen U. Lenzmeier and James L. Muehlbauer, Defendants.

United States Bankruptcy Court, S.D. New York.

December 23, 2008.

Attorney(s) appearing for the Case

Hahn & Hessen LLP, Mark T. Power, Esq., John P. Amato, Esq., Robert J. Malatak, Esq., Edward L. Schnitzer, Esq., of Counsel, New York, NY, for Plaintiff.

Foley & Lardner LLP, Michael P. Richman, Esq., Douglas S. Heffer, Esq., of Counsel, New York, NY, and Robins, Kaplan, Miller & Ciresi LLP, Elliot S. Kaplan, Esq., Anne M. Lockner, Esq., of Counsel, Minneapolis, MN, for Defendants Best Buy Co., Inc., Bradbury H. Anderson, David P. Berg, Connie B. Fuhrman, Kevin P. Freeland, Darren R. Jackson, Allen U. Lenzmeier and James L. Muehlbauer.

Dreier LLP, Norman N. Kinel, Esq., Terence D. Watson, Esq., of Counsel, New York, NY, and Kluger, Peretz, Kaplan & Berlin, P.L., Andrew P. Gold, Esq., D. Brett Marks, Esq., Eyal Berger, Esq, of Counsel, Miami, FL, for Defendants Rodger R. Krouse and Marc J. Leder.

MEMORANDUM DECISION GRANTING IN PART AND DENYING IN PART MOTIONS TO DISMISS

STUART M. BERNSTEIN, Chief Judge.

The plaintiff filed this adversary proceeding against the debtors' former parent, officers and directors primarily to avoid and recover transfers aggregating $145,385,892. The Amended Complaint also asserts claims for the payment of illegal dividends, breach of fiduciary duty, aiding and abetting the breach of fiduciary duty and rescission. The defendants...

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