Co. Communications, Inc., Banco Cent. D. C. Docket No. 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. Defendants pleaded several defenses to the defamation claim, including the truth of the press release.