OPINION & ORDER Before the Court is a motion by Defendant Panasonic Corporation of North America (“Panasonic”) for partial judgment on the pleadings, pursuant to Federal Rule of Civil Procedure 12(c). Panasonic argues that, under the terms of two agreements, Plaintiffs Media Glow Digital, LLC (“MGD”) and Times Square LED, LLC (“TSL,” and, together with MGD, “Plaintiffs”) are prohibited from recovering certain kinds of damages in connection with their claims against Panasonic. To the extent that Plaintiffs seek consequential or punitive damages, Panasonic seeks dismissal of Plaintiffs’ claims against it. For the reasons stated below, Panasonic’s motion is granted.I. BackgroundA. Factual BackgroundUnless otherwise indicated, the following allegations are drawn from the second amended complaint (the “Complaint”).MGD is an Oklahoma limited liability company with its principal place of business in Oklahoma. (Sec. Am. Compl.2 [hereinafter "Compl."], ECF No. 33 (filed May 8, 2017).) The members of MGD are individuals who reside in Oklahoma. (Id.) TSL is also an Oklahoma limited liability company with its principal place of business in Oklahoma. (Id.3.) Its sole member is an entity organized under the laws of Oklahoma with its principal place of business in Oklahoma. (Id.) The defendants are: (1) Panasonic, a Delaware corporation with its principal place of business in New Jersey; (2) ICON LLC, ICON PLLC, and ICON HD (collectively, “ICON”), North Dakota limited liability companies with their principal places of business in North Dakota; (3) Earl B. Lovell — S.P. Belcher, Inc. (“Lovell-Belcher”), a New York corporation with its principal place of business in New York; and (4) NY Land Surveyor P.C., a New York professional corporation with its principal place of business in New York. (Id.
4-9.)In late 2009 and early 2010, MGD obtained a lease for the construction and operation of a large electronic sign (the “Millennium Sign”) on the west-facing façade of the Millennium Broadway hotel (the “Millennium Hotel”), located on West 44th Street near Times Square. (Id.14.) Thereafter, MGD negotiated a long-term lease with the Millennium Hotel, commencing in April 2010. (Id.) The Millennium Sign was to stretch approximately twenty-five floors on the face of the Millennium Hotel and had to be designed so as not to encroach on the air space rights of the adjacent property, known as the Bow Tie Building. (Id.
