Opinion
Civil No. 07-1766 (JAF).
June 3, 2008
ORDER
Before the court is Defendant's motion to dismiss, Docket Document No. 33-1. As an alternative to dismissal, Defendant seeks a stay of the above-captioned case pending a final judgment in a related proceeding in Puerto Rico court. Id.
We hereby ORDER the parties to clarify for this court the present status of the related case in Puerto Rico court,FirstBank Puerto Rico v. Instituto de Banca, No. KAC2005-8105, within seventy-two (72) hours. The parties shall explain (1) exactly what is currently pending before the Court of First Instance and the Puerto Rico Supreme Court, (2) what the parties are pursuing in those courts, and (3) what options remain for the Court of First Instance following the Puerto Rico Supreme Court's apparent remand. The parties shall further produce any decisions or orders of the Puerto Rico courts that have not yet been filed with this court.