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SUFFOLK FEDERAL CREDIT UNION v. CUMIS INS. SOC.

No. 10-CV-0001 (ADS)(GRB).

958 F.Supp.2d 399 (2013)

SUFFOLK FEDERAL CREDIT UNION, Plaintiff, v. CUMIS INSURANCE SOCIETY, INC., Defendant.

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

August 5, 2013.

Attorney(s) appearing for the Case

Frankfurt Kurnit Klein & Selz, P.C. by Amelia Katherine Seewann, Esq., Jeremy Seth Goldman, Esq., Jessie F. Beeber, Esq., Patrick J. Boyle, Esq., New York, NY, for the Plaintiff.

Sedgwick Detert Moran & Arnold LLP by Arthur Aizley, Esq., Brian Maurice Oubre, Esq., New York, NY, for the Defendant.

MEMORANDUM OF DECISION AND ORDER

SPATT, District Judge.

This is an insurance coverage action in which the Plaintiff Suffolk Federal Credit Union ("Suffolk") alleges that the Defendant CUMIS Insurance Society, Inc. ("CUMIS") breached the terms of the parties' fidelity bond (the "Bond") by refusing to indemnify Suffolk for losses arising from a fraud committed by Suffolk's loan servicer, CU National Mortgage, LLC ("CU National").

On December 15, 2012...

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