Worthington Federal Bank v. Everest National Insurance

MEMORANDUM OPINION & ORDER

JOHN E. OTT, United States Chief Magistrate Judge.

In this action removed from Alabama state court, Plaintiffs Worthington Federal Bank (the “Bank”) and Worthington Financial Holdings, Inc. (‘WFH”) (collectively “Plaintiffs” or the “Companies”) bring claims under Alabama law for breach of contract, the tort of bad faith, and for a declaratory judgment against Everest Na--tional Insurance Company (“Everest”) and Security National Insurance Company (“Security National”) (collectively “Defendants”). (See Doc.1 21, Amended Complaint (hereinafter “Complaint” or “Compl.”)).…