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SCHUPAK GROUP v. TRAVELERS CAS. & SUR. CO. OF AM.

No. 10 Civ. 209(SAS).

716 F.Supp.2d 262 (2010)

SCHUPAK GROUP, INC., Sponsor For Schupak Retirement Plan and Profit Sharing Plan, Plaintiff, v. TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, Defendant.

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

April 13, 2010.

Attorney(s) appearing for the Case

Barry I. Slotnick, Esq ., H. Marc Tepper, Esq ., Kristi A. Davidson, Esq ., Buchanan Ingersoll & Rooney PC, New York, NY, for Plaintiffs.

Richard S. Mills, Esq ., Carol A. Pisano , McElroy, Deutsch, Mulvaney & Carpenter LLP, New York, NY, for Defendants.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

Schupak Group, Inc. ("Schupak") brings this action against Travelers Casualty and Surety Company of America ("Travelers Company") alleging breach of contract based on a bond ("the Bond") issued by Travelers Company. The Bond's policy allegedly covered losses of the funds in the Schupak Group Defined Benefit Plan ("the Plan") sustained as a result of dishonest or fraudulent...

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