Loral Terracom v. Valley National Bank, a Federally Chartered Bank Citizens Bank Trust Co., a Kentucky Corporation and State Chartered Bank

CHOY, Circuit Judge:

Loral Terracom (“Loral”) appeals the district court’s order granting Citizens Bank and Trust Company’s (“Citizens”) and Valley National Bank’s (“Valley”) joint Fed.R.Civ.P. 12(b)(6) motion to dismiss for failure to state a claim upon which relief can be granted. Loral alleges that Citizens and Valley (“the Banks”) negligently failed or unreasonably performed investigations of the financial strengths of applicant sureties for bonds submitted in accordance with the Miller Act, 40 U.S.C. § 270a, before executing Certificates of Sufficiency (“Certificates”) in accordance with…