Delta Development & Construction Corp. v. Savings One Ass'n

637 F. Supp. 629, 1986 U.S. Dist. LEXIS 24864
CourtDistrict Court, S.D. Florida
DecidedMay 29, 1986
DocketNos. 85-0457-CIV-EPS, 85-0458-CIV-EPS
StatusPublished

This text of 637 F. Supp. 629 (Delta Development & Construction Corp. v. Savings One Ass'n) is published on Counsel Stack Legal Research, covering District Court, S.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Delta Development & Construction Corp. v. Savings One Ass'n, 637 F. Supp. 629, 1986 U.S. Dist. LEXIS 24864 (S.D. Fla. 1986).

Opinion

MEMORANDUM OPINION & ORDER DISMISSING CASES PENDING CONCURRENT STATE ACTION

SPELLMAN, District Judge.

I

This CAUSE comes before the Court on the Defendant’s Motion for Reconsideration of Dismissal or for Stay Based on Concurrent state proceedings.

The cases before this Court are practically identical with respect to the facts and issues raised therein. In Delta Development & Construction Co. v. Savings One, 637 F.Supp. 629 (D.Fla.1986), the Plaintiff alleges that it entered into loan transactions with Savings One, secured by a mortgage the Plaintiff holds on Oceanfront Hotel Corporation, a Florida Corporation. The Defendants allegedly disbursed $975,-000.00 pursuant to the initial loan, and retained $25,000.00 as prepaid interest. An attorney for the Plaintiff wired funds to the Defendants, which to the extent of $60,000.00 was for pre-paid interest on the loan. Later, the Plaintiff was advised that the loan was in default and that appropriate legal remedies would be taken.

In the companion case, Royale Group, Ltd. v. Savings One, 637 F.Supp. 629 (D.Fla.1986), the Plaintiff entered into a loan transaction with the Defendants secured by a mortgage the Plaintiff holds on some Arizona property. The Defendants allegedly were to negotiate financing for the Plaintiff or for a buyer to purchase the property and take out and satisfy the loan. The Plaintiff wired funds to the Defendants, of which $85,000 was allegedly prepaid interest on the loan. For consideration of the pre-paid interest, the Defendants promised the Plaintiff to extend the loan, allow interest to accrue and become payable upon sale or refinancing of the property. Then, the Plaintiff was advised that the loan was in default and that the appropriate legal remedies would be taken.

The Defendants herein have indicated that there are two presently pending actions in state court dealing with the same parties and subject matter, and since the controversy can be fully decided in state court, the instant case should be dismissed or, in the alternative, stayed pending the disposition of the state court proceedings. The two state actions described at length in the memoranda and exhibits are Schonwetter v. Restoration Partners Ltd., CASE NO: 85-29063(12) (Fla.Cir.Ct., 11th Cir), and Home Savings of America, F.A. v. The Royale Group, Ltd., CASE NO: 86-13972-10 (Fla.Cir.Ct. 11th Cir.).

Schonwetter is a mortgage foreclosure proceeding dealing with the same property which is the subject of the Delta Development loan. In that action, Home Savings, predecessor, Savings One, was joined as an allegedly subordinate mortgagee. Home Savings cross claimed against Delta Development, seeking foreclosure of the very same mortgage that is the subject before this Court. Delta answered the cross claim and raised issues identical to those in the matter before this Court. The Home Savings of America case in state court seeks the determination of the same or similar issues to those raised in the Royale Group case before this Court.

The Defendant in the state court, Delta Development, filed a Petition for Removal in an effort to have the claims considered together in a single forum, but the Honorable James W. Kehoe, remanded the case to state court in 85-3800-CIV-KEHOE.

The Plaintiffs herein agree with the Defendants that both the federal action and [631]*631the state court proceedings arise out of the same transaction or occurrence. See Rule 13(a) of the Federal Rules of Civil Procedure. The Plaintiffs, however, contend that the Defendants’ subsequent attempts to foreclose on the mortgages constitute counterclaims in the cases at bar and that since the federal actions were filed first, this Court should defer to the Plaintiff’s choice of forum. For the following reasons, this Court cannot abide by such reasoning.

II

In Moses H. Cone Memorial Hospital v. Mercury Construction Corp., 460 U.S. 1, 103 S.Ct. 927, 74 L.Ed.2d 765 (1983), the Court considered the propriety of the district court’s decision to stay a federal suit out of deference to the parallel litigation brought in state court and provided the factors relevant to a determination of a dismissal of this sort:

In assessing the appropriateness of dismissal in the event of an exercise of concurrent jurisdiction, a federal court may also consider such factors as the inconvenience of the federal forum; the desirability of avoiding piecemeal litigation; and the order in which jurisdiction was obtained by the concurrent forums. No one factor is necessarily determinative; a carefully considered judgment taking into account both the obligation to exercise jurisdiction and the combination of factors counselling against that exercise is required.

Id. at 15-16, 103 S.Ct. at 936-937, applying the factors provided in Colorado River Water Conservation v. United States, 424 U.S. 800, 96 S.Ct. 1236, 47 L.Ed.2d 483 (1976).

This Court, having balanced the elements set forth in the Colorado River and Moses H. Cone cases, finds such an interference with the orderly and comprehensive disposition of the state court proceeding to be inutile and ill-advised. First, and perhaps foremost, allowing these actions to go forward in federal court will result in piecemeal litigation. The mortgage foreclosure proceeding remanded to the state court by Judge Kehoe involves an Answer to a cross claim raising the very issues presented in this action. The other case in state court is also determinative of the issues to be resolved in the federal proceedings. The pending state actions do provide ample opportunity to determine the rights of the parties before this Court. Further, this Court does not and cannot exercise jurisdiction over all parties and matters necessary to the full and final determination of the controversy. The state court, on the other hand, is the more adequate and convenient forum in this regard. Due to the exceptional nature of this litigation and the fact that both the federal and state actions spring from the same transactions or occurrences, fragmented disposition would lead to inconsistent results.

This Court has also considered the order in which the concurrent tribunals obtained and exercised jurisdiction. This Court finds that the Plaintiff’s argument that the Court where jurisdiction first attaches, retains it exclusively is much too rigid an approach when principles of comity come into play. In fact, the Court in Moses H. Cone Memorial Hospital v. Mercury Construction Corp., 460 U.S. 1, 103 S.Ct. 927, 74 L.Ed.2d 765 (1983) discarded such an interpretation of the “priority” element and stated:

[T]he ... priority argument gives too mechanical a reading to the ‘priority’ element of the Colorado River balance. This factor, as with the other Colorado River factors is to be applied in a pragmatic, flexible manner with a view to the realities of the case at hand.

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637 F. Supp. 629, 1986 U.S. Dist. LEXIS 24864, Counsel Stack Legal Research, https://law.counselstack.com/opinion/delta-development-construction-corp-v-savings-one-assn-flsd-1986.