SFC New Holdings, Inc. v. Earthgrains Co. (In Re GWI, Inc.)
United States Bankruptcy Court, D. Delaware
1Opinion of the Court
MEMORANDUM OPINION 1
MARY F. WALRATH, Bankruptcy Judge.
Before the Court is the Motion of the Defendant. The Earthgrains Company (“Earthgrains”), to stay this proceeding pending arbitration. Over the objection of SFC New Holdings, Inc.(“SFC”), a reorganized debtor in this case, we grant Ear-thgrains’ motion.
I. BACKGROUND
On March 20, 2000, SFC entered into a Stock Purchase Agreement to sell its outstanding stock in Metz Baking Company to Earthgrains in exchange for $625 million (“the Purchase Agreement”). Section 9.13 of the Purchase Agreement provides:
the parties hereby agree that any action…
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