MBIA Inc. v. Certain Underwriters at Lloyd's, London

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge:

I. INTRODUCTION

MBIA, Inc. (“MBIA”) brings this diversity action against certain underwriters at Lloyd’s, London (“Lloyd’s”), Lexington Insurance Company (“Lexington”), and Wurttembergische Versicherung AG (“WurttVers”) (collectively, known as the “Underwriters”) for breach of contract and declaratory judgment.

Underwriters now move to dismiss the Complaint for lack of subject matter juris*347diction and failure to state a claim. MBIA cross moves for judgment on the pleadings with respect to one of its causes of action — declaratory relief for…