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VALLEY NAT. BANK v. GREENWICH INS. CO.

No. 02 CV 5069(VM).

254 F.Supp.2d 448 (2003)

VALLEY NATIONAL BANK, Plaintiff, v. GREENWICH INSURANCE COMPNY and XL Reinsurance America, Inc., Defendants.

United States District Court, S.D. New York.

April 1, 2003.

Attorney(s) appearing for the Case

David M. Schlecker, Anderson, Kill, Olick P.C., New York City, for Valley Nat. Bank.

Mark L. LoSacco, LeBoeuf, Lamb, Greene & MacRae, L.L.P., Newark, NJ, for Valley Nat. Bank, XL Reinsurance America, Inc.

John F. Triggs, Greenberg Traurig, L.L.P., New York City, for Lumbermen's Mut. Cas. Co.

Michael S. Meisel, Cole, Schotz, Meisel, Forman & Leonard, P.A., for Universal Bonding Ins. Co.

William D. Grand, Greenbaum, Rowe, Smith, Ravin, Davis & Himmel, LLP, Woodbridge, NJ, for Robert Nicosia.

Peter J. Pizzi, Connell, Foley, L.L.P., New York City, for Pilgrim Ins.

Patrick C. Dunican, Jr., Gibbons, Del Deo, Dolan, Griffinger & Vecchione, New York City, for Vito V. Gruppuso.

DECISION AND AMENDED ORDER

MARRERO, District Judge.

Plaintiff Valley National Bank ("Valley") filed a complaint (the "Complaint") in this action against Defendants Greenwich Insurance Company and XL Reinsurance America, Inc. (together, "Defendants"), alleging that Defendants failed to pay Valley money owed pursuant to a bond that Defendants had issued to National Investment Services, Inc. ("National") to guarantee the payment of obligations owed by...

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