Cook linguine to desired doneness as directed on package. Drain; cover to keep warm.
Meanwhile, in large skillet, combine all remaining ingredients except parsley; mix well. Bring to a boil over medium-high heat. Reduce heat to medium-low; cover and cook 8 to 10 minutes or until meatballs are thoroughly heated, stirring occasionally.
Serve meatballs with sauce over linguine. Sprinkle with parsley.