NATCO Industries, Inc. v. Federal Insurance Co.

OPINION

SAND, District Judge.

Defendants move to dismiss under Rule 12(b)(6) or for summary judgment under Rule 56 on the grounds that plaintiffs’ lawsuit is barred by the applicable contractual limitations period. For the reasons set forth herein, defendants’ motion to dismiss is granted.

This is an action for the alleged breach of insurance contracts. Plaintiffs’ complaint alleges that they were issued an insurance policy by each of the two defendants which contained, inter alia, coverage for employee dishonesty. Both insurance contracts provide that an action must be commenced no later than…