I get an error message The backup disk image "/Volumes/Data-1/Larrys iMac.sparsebundle" is already in use.

I have gone through the inital installation  and it completed the Back Up however, I continue to get the following error.....The backup disk image “/Volumes/Data-1/Larrys iMac.sparsebundle” is already in use.

This is just ML being its usual networking pitbull self..
The phrase "Don't bite the hand that feeds you" never occured to a pitbull.
Reboot the whole network.. shut down everything.. start up in order.. modem.. TC.. clients with a couple of minutes gap..
Welcome to new Lion and ML networking.. !!
And thank apple for dropping the airport utility that works.
See C12, C17 here.
http://pondini.org/TM/Troubleshooting.html

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