General Railway Signal Co. v. Corcoran

*1362MEMORANDUM OPINION AND ORDER

ILANA DIAMOND ROVNER, Circuit Judge, sitting by designation as District Judge.

I. INTRODUCTION

This is a statutory interpleader action that, although over three years old, is still at its incipient stage. The issue that has occupied both this Court and the Court of Appeals for most of the protracted history of this case is whether the federal courts should abstain in deference to the New York state liquidation proceedings. In its opinion of October 1, 1990, this Court determined that abstention was inappropriate, finding that issues of federal law predominated, that…