New Alaska Development Corporation, a New York Corporation v. Lawyers Title Insurance Agency, Inc., an Alaska Corporation

942 F.2d 792 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. NEW ALASKA DEVELOPMENT CORPORATION, a New York Corporation, Plaintiff-Appellant, v. LAWYERS TITLE INSURANCE AGENCY, INC., an Alaska Corporation, Defendant-Appellee. No. 87-4430. United States Court of Appeals, Ninth Circuit. Submitted Aug. 19, 1991. * Decided Aug. 26, 1991. Before TANG, REINHARDT and RYMER, Circuit Judges. 1 MEMORANDUM ** 2 New Alaska Development Corporation (NADC) appeals the district court's denial of summary judgment and grant of a stay. We affirm. 3 At the outset, we hold that the stay order is appealable under 28 U.S.C. § 1291 . The district court stayed the federal litigation pending resolution of the concurrent state interpleader action. The federal action and the state interpleader action involve the identical issue of whether NADC is entitled to a return of its funds by Lawyers Title Insurance Agency, Inc. The stay means that there will be no further litigation in federal court, and…