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FIREFIGHTERS' RETIREMENT SYSTEM v. CITCO GROUP

No. 14-30857.

796 F.3d 520 (2015)

FIREFIGHTERS' RETIREMENT SYSTEM; Municipal Employees Retirement System of Louisiana; New Orleans Firefighters' Pension & Relief Fund, Plaintiffs-Appellees, v. CITCO GROUP LIMITED; Citco Fund Services (Cayman Islands), Limited; Citco Banking Corporation, N.V.; Citco Fund Services (Europe), BV; Citco (Canada), Incorporated; Citco Technology Management, Incorporated; Citco Bank Nederland, N.V. Dublin Branch; Citco Global Custody, N.V.; Citco Fund Services (Bermuda), Limited; Fletcher Asset Management, Incorporated; Alphonse Fletcher, Jr., Also Known as Buddy; Denis Kiely; Duhallow Financial Services, L.L.C.; Peter Zayfert; Consulting Services Group, L.L.C.; Joe Meals; Skadden, Arps, Slate, Meagher & Flom, L.L.P.; Grant Thornton International, Limited, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

August 6, 2015.

Attorney(s) appearing for the Case

Phillip W. Preis, Esq. (argued), Preis Gordon, A.P.L.C., Baton Rouge, LA, for Plaintiffs-Appellees.

Michael R. Allweiss , Alicia Martone Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver, L.L.P., Thomas More Flanagan , Flanagan Partners, L.L.P., Paul James Masinter, Esq. , Nicholas John Wehlen, Esq. , Stone Pigman Walther Wittmann, L.L.C., James A. Brown, Esq. (argued), John Charles Anjier , Mandie Elizabeth Landry, Esq. , Liskow & Lewis, P.L.C., Craig Isenberg, Esq. , Stephen L. Miles , Barrasso, Usdin, Kupperman, Freeman & Sarver, L.L.C., New Orleans, LA, James Connor Percy, Esq. , David Matthew Kerth , Mandie Michele Cash , Jones Walker, L.L.P., Baton Rouge, LA, James Lawrence Bernard, Esq. , David M. Cheifetz , Stroock, Stroock & Lavan, L.L.P., New York, N.Y., for Defendants-Appellants.

Before STEWART, Chief Judge, HAYNES, Circuit Judge, and BROWN, District Judge.

Our prior opinion is withdrawn, and the following is substituted in its place. Defendants-Appellants appeal the district court's order of remand on the basis that the district court lacked the discretion to abstain from hearing the case. Because we conclude that the district court could not permissively abstain and equitably...

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