Correspondent Services Corp. v. First Equities Corp.

Defendants J. Virgil Waggoner and J.V.W. Investment Ltd. (the “Waggoner Parties”), two of several defendants below, appeal from the dismissal of a declaratory judgment claim brought by plaintiff Correspondent Services Corporation (“CSC”). Having found no basis for the exercise of its subject matter jurisdiction over the declaratory judgment claim, the district court declined to exercise supplemental jurisdiction over appellants’ state law cross-claims against appellee Suisse Security Bank & Trust, Ltd. (“SSBT”) and therefore vacated its previously-entered attachment of SSBT’s assets. We…