Royal Indemnity Co. v. Salomon Smith Barney, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Order, Supreme Court, New York County (Martin Schoenfeld, J.), entered December 30, 2002, which, insofar as appealed from, denied plaintiffs’ motion to dismiss defendants-respondents’. fifth counterclaim, unanimously reversed, on the law, with costs, the motion granted and the fifth counterclaim dismissed.
Plaintiffs are umbrella and excess liability insurers that have issued policies to defendants Salomon Smith Barney, Inc., Salomon Smith Barney Holdings, Inc., and Citigroup, Inc. (collectively, the insureds). In this action, plaintiffs seek a declaration that they are not obligated to…
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