Granite State Insurance Company v. Tandy Corporation and T.C. Electronics, (Korea), Ltd.

EDITH H. JONES, Circuit Judge:

Granite State Insurance Company (Granite State) filed this declaratory judgment action to determine, preferably, to avoid, its rights and responsibilities under its “Marine Cargo Policy” issued to Tandy Corporation and T.C. Electronics (Korea), Ltd. (jointly “Tandy”). Twenty-one days later, Tandy sued Granite State in a Texas state court under the policy for the $10 million policy limits. The district court stayed the federal declaratory judgment action pending the resolution of the state court action, and Granite State appealed. Finding no abuse of discretion,…