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IN RE LANDSOURCE COMMUNITIES DEVELOPMENT LLC

Bankruptcy No. 08-11111 (KJC). Adversary No. 09-51074 (KJC).

476 B.R. 454 (2012)

In re LANDSOURCE COMMUNITIES DEVELOPMENT LLC, et al., Debtors. The Newhall Land and Farming Company (A California Limited Partnership), Debtor, v. American Heritage Landscape, LP, C.A. Rasmussen, Inc., Granite Construction Company, and R & R Pipeline, Inc., Defendants.

United States Bankruptcy Court, D. Delaware.

August 30, 2012.

Attorney(s) appearing for the Case

Andrew C. Irgens , Richards, Layton & Finger, Maris J. Kandestin , Young Conaway Stargatt & Taylor, LLP, Mark D. Collins , Richards, Layton & Finger, P.A., Wilmington, DE, for Debtor.

Michael David Debaecke , Victoria A. Guilfoyle , Blank Rome LLP, Wilmington, DE, for Defendants.

MEMORANDUM

KEVIN J. CAREY, Bankruptcy Judge.

Before the Court are cross-motions for summary judgment filed by Plaintiff, The Newhall Land and Farming Company (A California Limited Partnership)1 ("Newhall"), and Defendants American Heritage Landscape, LP and R & R Pipeline, Inc. (respectively, "AHL" and "R & R" or, jointly, the "Defendants"). Newhall asserts that the Defendants do not hold valid secured claims against...

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