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IN RE PEANUT CORP. OF AMERICA

Bankruptcy No. 6:09MC00002. Adversary Proceeding No. 09-06032.

407 B.R. 862 (2009)

In re PEANUT CORPORATION OF AMERICA, Debtor. Federal Insurance Co., Plaintiff, v. Stewart Parnell, et al., Defendants.

United States District Court, W.D. Virginia, Lynchburg Division.

June 8, 2009.

Attorney(s) appearing for the Case

Merril Hirsh, Wallace A. Christensen, Troutman Sanders, LLP, Washington, DC, Richard Eugene Hagerty, Troutman Sanders LLP, McLean, VA, for Plaintiff.

Joshua Charles Johnson, Kevin Walker Holt, William David Paxton, Gentry Locke Rakes & Moore, Mark D. Loftis, Woods Rogers PLC, Roanoke, VA, for Defendants.

Andrew S. Goldstein, Magee, Foster, Goldstein & Sayers, Roanoke, VA, for Debtor.

MEMORANDUM OPINION

NORMAN K. MOON, District Judge.

In this Chapter 7 bankruptcy proceeding, Defendant Stewart Parnell, a former director and officer of Debtor Peanut Corporation of America ("PCA"), seeks the discretionary withdrawal of reference of an adversary proceeding with Plaintiff Federal Insurance Company ("FIC") from U.S. Bankruptcy Court. For the reasons stated below, Parnell's Motion for Withdrawal...

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