Granite Commercial Industries, LLC v. Landmark American Insurance

MEMORANDUM AND ORDER

WEXLER, District Judge:

This action was commenced in the Supreme Court of the State of New York, County of Suffolk, by Plaintiff Granite Commercial Industries, LLC (“Granite”) against its insurer, Defendant Landmark American Insurance Company (“Landmark”). The action was thereafter removed by Landmark on the ground of diversity of citizenship (the “Removed Action”). After removal, the Removed Action was settled in the amount of $125,000. Payment to Granite was not made by Landmark because it learned of Granite’s possible financial obligations to several creditors.…