Transamerica Financial Life Insurance v. Merrill Lynch & Co.
District Court, N.D. Iowa
1Opinion of the Court
ORDER
READE, District Judge.
J. INTRODUCTION
This matter is before the Court pursuant to Defendants’ Motion to Stay Proceedings (docket no. 3) and Plaintiffs’ Motion For Remand and Abstention (docket no. 7).
II. BACKGROUND
This instant action originally commenced in the Iowa District Court for Linn County. In their Petition, Plaintiffs, a group of insurance companies and investment funds, allege they purchased, through their Iowa investment advisor, securities issued by Enron and Enron-sponsored entities. Plaintiffs allege Defendants violated Iowa law in connection with the marketing and sale of…
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- Personette v. Kennedy (In Re Midgard Corp.)Bankruptcy Appellate Panel of the Tenth Circuit · 1997
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