SPROUSE, Circuit Judge:
Yarn Industries, Inc. (Yarn), a South Carolina corporation, sued Krupp International, Inc. (Krupp), a Delaware corporation, in federal district court in South Carolina for breach of a contract for the sale to Yarn by Krupp of $1.3 million worth of yarn manufacturing equipment. The district court dismissed the action, finding that a decision in a suit by Krupp against Yarn in federal court in New York collaterally estopped Yarn from maintaining...
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