J.P. Morgan Securities Inc. v. Vigilant Insurance Co.

Order, Supreme Court, New York County (Charles E. Ramos, J.), entered on or about July 7, 2016, which granted plaintiffs’ motion for summary judgment to the extent of dismissing the affirmative defenses of breach of the contractual obligations to cooperate and to obtain defendants’ consent to settle, and denied defendants’ cross motion for summary judgment dismissing the complaint, unanimously affirmed, with costs.

Defendants’ unreasonable delay in dealing with plaintiffs’ claims under the insurance contracts, consistently stated position that the various regulatory investigations and civil…