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IN RE METAWISE GROUP, INC.

Bankruptcy Case No. 14-31652DM, Adversary Proceeding No. 14-3156DM.

In re METAWISE GROUP, INC. and DRACO RESOURCES, INC., Chapter 11, Debtors. PROGRESSIVE ENVIRONMENTAL SERVICES, INC., Plaintiff, v. METAWISE GROUP, INC.; DRACO RESOURCES, INC.; ARMCO METALS HOLDINGS, INC.; METAMINING, INC.; and SONGQIANG CHEN, Defendants.

United States Bankruptcy Court, N.D. California.

January 12, 2015.

MEMORANDUM DECISION ON MOTIONS TO DISMISS CLAIMS AGAINST CERTAIN DEFENDANTS

DENNIS MONTALI, Bankruptcy Judge.

On November 13, 2014, debtors Metawise Group, Inc. (Case No. 14-31652) and Draco Resources, Inc. (Case No. 14-31654) filed their chapter 11 petitions in this court. Metawise owns 100% of the stock of Draco. Prior to the petition date, plaintiff Progressive Environmental Services, Inc. ("Plaintiff"), a judgment creditor of Metawise, filed this action...

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