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IN RE MIDWAY GAMES INC.

Bankruptcy No. 09-10465 (KG). Adversary No. 09-50968 (KG).

428 B.R. 303 (2010)

In re MIDWAY GAMES INC., et al., Debtors. The Official Committee of Unsecured Creditors of Midway Games Inc., et al., Plaintiff, v. National Amusements Inc., a Maryland corporation, Sumco Inc., a Delaware corporation, Sumner M. Redstone 2003 Trust, Sumner M. Redstone, an individual, Acquisition Holdings Subsidiary I LLC, a Delaware limited liability company, MT Acquisition Holdings LLC, a Delaware limited liability company, and Mark E. Thomas, an individual, Shari E. Redstone, an individual, Robert J. Steele, an individual, Joseph A. Califano, an individual, Robert N. Waxman, an individual, William C. Bartholomay, an individual, and Peter C. Brown, an individual, Defendants.

United States Bankruptcy Court, D. Delaware.

Revised Order Denying Abstention February 3, 2010.

Order Granting Reconsideration March 19, 2010.

Attorney(s) appearing for the Case

Richards, Layton & Finger, P.A., Mark D. Collins, Esquire, Marcos A. Ramos, Esquire, Wilmington, DE, Milbank, Tweed, Hadley & McCloy LLP, Linda Dakin-Grimm, Esquire, David B. Zolkin, Esquire, Los Angeles, CA, for the Official Committee of Unsecured Creditors/Plaintiffs.

Young Conaway Stargatt & Taylor LLP, David C. McBride, Esquire, Pauline K. Morgan, Esquire, Wilmington, DE, Sherman & Sterling LLP, Stuart J. Baskin, Esquire, Jaculin Aaron, Esquire, New York, NY, for National Amusements, Inc., Sumco, Inc., Sumner M. Redstone 2003 Trust, and Sumner M. Redstone/Defendants.

Morris, Nichols, Arsht & Tunnell LLP, Jon E. Abramczyk, Esquire, Wilmington, DE, Dewey & Leboeuf LLP, Richard W. Reinthaler, Esquire, Timothy Q. Karcher, Esquire, New York, NY, for the Independent Directors/Movants.

Saul Ewing LLP, Mark Minuti, Esquire, Wilmington, DE, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Elizabeth B. Burnett, Esquire, Boston, MA, for Shari E. Redstone and Robert J. Steele/Defendants.

OPINION ON MOTIONS TO DISMISS AND FOR ABSTENTION

KEVIN GROSS, Bankruptcy Judge.

I. INTRODUCTION1

The Official Committee of Unsecured Creditors (the "Committee") brought this adversary action to recover alleged damages to the estate of Midway Games Inc. and affiliates (the "Debtor" or "Midway")2 resulting from several financial transactions. The defendants...

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