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mrfence

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mrfence

Re: mrfence post# 2436

Monday, 11/24/2014 9:50:31 PM

Monday, November 24, 2014 9:50:31 PM

Post# of 2533
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.

But under a deal between the D&O insurers and those providing...
http://www.law360.com/articles/599005/mf-global-execs-seek-7-5m-more-to-cover-defense

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