MF Global Execs Seek To Tap $7.5M More In E&O Coverage
By Cara Salvatore Law360, New York (November 24, 2014, 8:21 PM ET) -- Executives of bankrupt MF Global Inc. asked a New York bankruptcy judge Friday to give them access to an additional $7.5 million worth of errors and omissions insurance coverage for legal bills from lawsuits connected to their involvement in the company’s downfall.
The individual insureds of the company — including former New Jersey Gov. Jon Corzine, who was the company’s CEO — were granted access to $200 million in directors and officers coverage in September.
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