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Global Tech Indus. Grp. Inc. v. Go Fun Grp. Holdings Ltd.

No Exceptional Circumstances Warrant 'Colorado River' Abstention, Non Conveniens Dismissal

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OPINION & ORDER

*1 Plaintiffs instituted this action on May 17, 2017 to enforce an agreement effectuating acquisition of defendants’ corporate assets. (Dkt. No. 1: Compl. 1.) On April 10, 2017 — forty-seven days before this case was filed — defendants had instituted a parallel action in the High Court of Hong Kong seeking to declare the same agreement null and void. (Dkt. No. 37: Lo Aff. 5; Dkt. No. 35: Go Fun Br. at 3.) Presently before the Court is defendants’ motion to dismiss this suit pursuant to the abstention doctrine and/or forum non conveniens. (Dkt. No. 34: Go Fun Notice of Mot.) The parties have consented to decision of this case by a Magistrate Judge pursuant to 28 U.S.C. §636(c). (Dkt. No. 31.) For the reasons set forth below, defendants’ motion is DENIED.FACTSPlaintiff Global Tech Industries Group, Inc. (“GTII”) is a holding and operating company incorporated in Nevada with its principal place of business in New York City. (Dkt. No. 7: Compl.

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