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BANK OF NEW YORK v. BIN SAUD

No. 84 Civ. 3681 (RWS).

628 F.Supp. 474 (1986)

The BANK OF NEW YORK, Plaintiff, v. Mishal BIN SAUD, Defendant. Mishal BIN SAUD, Defendant and Third-Party Plaintiff, v. INDECO HOLDINGS SOLYMAR, INC. and Indeco Holdings Limited, Third-Party Defendants.

United States District Court, S.D. New York.

January 14, 1986.

Attorney(s) appearing for the Case

Breed, Abbott & Morgan, New York City, for plaintiff; Thomas A. Shaw, Jr., Abner T. Zelman, of counsel.

Dorsey & Whitney, New York City, for defendant; Stephen B. Camhi, Susan L. Lesinski, of counsel.

Kramer, Levin, Nessen, Kamin & Soll, New York City, for third-party defendants; Robert M. Heller, Jonathan M. Wagner, of counsel.

OPINION

SWEET, District Judge.

A motion to stay further proceedings in this action has been made by defendant third-party plaintiff Mishal Bin Saud ("Bin Saud") and supported by third-party defendants Indeco Holdings Solymar, Inc. ("Solymar") and Indeco Holdings Limited ("Limited"). This motion to abstain in favor of a pending state court action in Florida is opposed by plaintiff The Bank of New York ("BONY"). As discussed below, Bin Saud's motion will be...

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