Columbus Life Insurance Company v. Wells Fargo, NA

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF NORTH CAROLINA EASTERN DIVISION Case No. 4:20-cv-00041-M COLUMBUS LIFE INSURANCE ) COMPANY, ) ) Plaintiff, ) ) OPINION ) AND ORDER ) WELLS FARGO BANK, N.A., as Securities ) Intermediary, ) ) Defendant. ) This action was brought under the Declaratory Judgment Act seeking to contest a life-insurance policy. For the reasons that follow, the court: (1) declines to adjudicate the declaratory claims; and (2) abstains from adjudicating the legal and equitable counterclaims pending state-court resolution of an unsettled question…