Presley
One Longhorn Land I, L.P. v. Presley
Opinion
Lead Opinion
Snyder, J.
Proceedings: PLAINTIFF’S MOTION TO WITHDRAW REFERENCE OF ADVERSARY PROCEEDING (Dkt. No. 1, filed March 2, 2015)
I. INTRODUCTION
On June 18, 2014, defendant Brian Presley (“Presley”) filed a voluntary petition for Chapter 7 bankruptcy relief in the United States Bankruptcy Court for the *758 Central District of California. On February 23, 2015, plaintiff One Longhorn Land I, L.P. (“Longhorn”) filed an adversary complaint in the bankruptcy court. See Dkt. No. 1 Ex. 1 (“Adv. Compl.”). On March 2, 2015, Longhorn filed a motion to withdraw the bankruptcy reference with regard to its adversary complaint. Dkt. No. 1. Presley opposed that motion on March 16, 2015, Dkt. No. 10, and Longhorn replied on March 23, 2015, Dkt. No. 14. On April 13, 2015, the Court held a hearing on the motion. Having considered the parties’ arguments, the Court denies the motion for the reasons that follow.
II. FACTUAL BACKGROUND
The adversary complaint alleges that Presley is a fifty percent owner and managing member of Freedom Films, LLC (“Freedom Films”), a company that is itself a debtor in a separate pending bankruptcy case. Adv. Compl. ¶¶ 4, 6. Freedom Films and related entities were in the business of…