Kingland Systems Corp. v. Colonial Direct Financial Group, Inc.

MEMORANDUM OPINION AND ORDER REGARDING DEFENDANT’S MOTION TO DISMISS, TRANSFER, AND/OR STAY

BENNETT, Chief Judge.

TABLE OF CONTENTS

I. BACKGROUND...3

A. The Parties And The Lawsuits....3

1. The parties and their agreements...3

2. The Florida Lawsuit...5

3. The Iowa Lawsuit....6

II. LEGAL ANALYSIS....7

B. Colonial’s Motion to Dismiss, Stay, or Transfer....7

A. Abstention Generally....7

B. Colorado River Abstention...8

1. The “parallel litigation” prerequisite....13

a. Arguments of the parties ...13

b. Applicable considerations....15

c. Analysis....18

2. The Colorado River/Moses H. Cone factors.. .22

a.…