Colonial Penn Group, Inc., and Bay Loan and Investment Bank v. Colonial Deposit Company
Court of Appeals for the First Circuit
1Opinion of the Court
COFFIN, Circuit Judge.
Colonial Penn Group, Inc. and Bay Loan and Investment Bank appeal from a judgment of the United States District Court for the District of Rhode Island. The district court dismissed their complaint on the grounds that it lacked jurisdiction to entertain the action, and in the alternative, that abstention was appropriate in the event that jurisdiction was proper, 654 F.Supp. 1247. We agree that the district court lacked jurisdiction, and therefore affirm.
I
Appellant Colonial Penn Group, Inc. is a Delaware corporation headquartered in Philadelphia. It provides various…
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