Federal Insurance v. Safenet, Inc.

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, District Judge.

Plaintiff Federal Insurance Company (“Federal” or “plaintiff’) brings this action against defendants SafeNet, Inc. (“SafeNet”), Carole Argo (“Argo”), and Anthony Caputo (“Caputo,” and together with SafeNet and Argo, “defendants”), seeking a declaratory judgment and the rescission of certain insurance contracts. Presently before us are the parties’ cross motions for summary judgment. In the motions, the parties request various declarations concerning their respective rights and obligations under the insurance contracts.

For the reasons…