The district court stayed further proceedings in this case pending the resolution of a related case in the Bahamas.
Defendants appeal the district court stay.
We vacate the stay and remand. In 1996, Banco Central del Ecuador brought suit in a Bahamian court against several members of the Ortega family and several companies associated with the Ortegas. That case still is pending in a Bahamian court. Plaintiffs alleged that Defendants press release was defamatory and damaged Plaintiffs reputations as honest and law abiding businessmen. The bank also brought several counterclaims in this case against Plaintiffs.