Schmidt v. Travelers Indemnity Co. of America

ORDER GRANTING DEFENDANT’S MOTION FOR PARTIAL SUMMARY JUDGMENT (Doc. 8) AND DENYING PLAINTIFFS’ MOTION FOR PARTIAL SUMMARY JUDGMENT (Doc. 9)

TIMOTHY S. BLACK, District Judge.

This civil action is before the Court on the parties’ cross motions for partial summary judgment (Docs. 8, 9) and responsive memoranda (Docs. 14,15,16,17).

I. BACKGROUND FACTS

Plaintiffs Michael R. Schmidt (“Schmidt”) and Cohen, Todd, Kite & Stanford LLC (“CTKS”) allege that Defendant Travelers Indemnity Company of America (“Travelers”) breached the parties’ contract and acted in bad faith when it refused to indemnify…