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COLONIAL PENN GROUP, INC. v. COLONIAL DEPOSIT CO.

C.A. No. 86-0332 L.

654 F.Supp. 1247 (1987)

COLONIAL PENN GROUP, INC. and Bay Loan and Investment Bank v. COLONIAL DEPOSIT COMPANY.

United States District Court, D. Rhode Island, First Division.

March 5, 1987.

Attorney(s) appearing for the Case

William R. Grimm, Providence, R.I., for plaintiffs.

James Purcell, Providence, R.I., for defendant.

OPINION

LAGUEUX, District Judge.

This matter is before the Court on the motion of defendant, Colonial Deposit Company, (Deposit) to dismiss plaintiffs' complaint because of the existence of a prior proceeding between the same parties filed in the Providence County Superior Court for the State of Rhode Island. Reduced to its essential facts, this complaint alleges that Colonial Penn Group, Inc. (Penn) and Bay Loan and Investment Company (Bay Loan) are involved...

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