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MBIA INS. CORP. v. ROYAL INDEM. CO.

No. CIV.A.02-1294-JJF.

294 F.Supp.2d 606 (2003)

MBIA INSURANCE CORPORATION and Wells Fargo Bank Minnesota, N.A. as Trustee of SFC Grantor Trust, Series 2000-1, SFC Grantor Trust, Series 2000-2, SFC Grantor Trust, Series 2000-3, SFC Grantor Trust, Series 2000-4, SFC Grantor Trust, Series 2001-1, SFC Grantor Trust, Series 2001-2, SFC Grantor Trust, Series 2001-3, and SFC Grantor Trust Series 2001-I, Plaintiffs, v. ROYAL INDEMNITY COMPANY, Defendant.

United States District Court, D. Delaware.

March 31, 2003.

Attorney(s) appearing for the Case

David C. McBride, John W. Shaw, Christian Douglas Wright, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE, Proskauer Rose LLP, New York, NY (Ronald S. Rauchberg and Steven E. Obus, of counsel), for Plaintiffs.

Lawrence C. Ashby, Philip Trainer, Jr., Tiffany L Geyer, Ashby & Geddes, Wilmington, DE, Sonnenschein Nath & Rosenthal, New York, NY (Michael H. Barr and Kenneth J. Pfaehler, of counsel), and Alan S. Gilbert, Esquire of Sonnenschein Nath & Rosenthal, Chicago, IL, for Defendant.

OPINION

FARNAN, District Judge.

Before the Court is Defendant Royal Indemnity Company's Motion to Dismiss Or, In The Alternative, For Stay Pending Disposition of Prior-Filed Action (D.I.5). For the reasons discussed below, the Motion will be denied.

BACKGROUND

This breach of contract case involves eight insurance policies issued by Defendant Royal Indemnity Company ("Royal") in connection with several thousand student loan transactions...

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