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New Line has fallen for Katherine Fugate’s untitled romantic comedy, preemptively buying her pitch about intertwined Valentine’s Day stories and setting it up with Mike Karz and Wayne Rice.

L.A.-set story involves several couples whose lives intersect on Feb. 14.

New Line project is the second for Fugate, who’s penned Jennifer Aniston comedy “The Senator’s Wife,” with Karz and Rice producing along with Plan B. Fugate’s credits include Paramount’s “The Prince and Me.”

New Line execs Mark Kaufman, Matt Moore and Luke Ryan will oversee the project.

New Line-based Karz is developing two other projects for the mini-major — Chuck Klosterman’s “Killing Yourself to Live: 85% a True Story” and “Honeymoon With Harry,” with “Million Dollar Baby” scribe Paul Haggis attached to write and direct.

Rice is a producer on New Regency’s casino drama “Chasing the Whale.” He’s exec producing CBS’ unscripted comedy project starring Jon Lovitz and is developing an FX pilot with Gary Randall and Peter O’Fallon.