Lexington Insurance v. MGA Entertainment, Inc.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge:

I. INTRODUCTION

Lexington Insurance Company (“Lexington”), National Union Fire Insurance *542Company of Pittsburgh, PA (“National Union”), American International Underwriters Insurance Company (“AIU”), and Chartis Specialty Insurance Company (“Chartis”) (collectively, “Plaintiffs”) bring this action seeking a declaration that they were not obliged to defend or indemnify MGA Entertainment, Inc. (“MGA”) in connection with an action brought against MGA in this Court,1 Bernard Belair v. MGA Entertainment, Inc. (“Underlying Action”).2 The present…