St. Joe Co. v. Transocean Offshore Deepwater Drilling Inc.

MEMORANDUM OPINION

STARK, District Judge:

I. INTRODUCTION

The St. Joe Company (“St. Joe” or “Plaintiff’), a Florida corporation, sued Defendants Transocean Offshore Deepwa-ter Drilling, Inc. and Transocean Deepwa-ter, Inc., which are Delaware corporations, Transocean Holdings LLC, a Delaware limited liability company, and Triton Asset Leasing GmbH, a Swiss entity with its principal place of business in Texas (collectively “Transocean” or “Defendants”), in the Delaware Superior Court. Transocean removed the action to this Court. Presently before the Court is Transocean’s Motion to Stay…