Limited Objection Made Over Bankrupt Insurance Firm’s $11M Settlement

Mealey's (October 13, 2020, 11:47 AM EDT) -- WILMINGTON, Del. — Three former directors and officers, who settled in a separate earlier agreement, filed a limited objection on Oct. 9 to a Delaware bankruptcy court with regard to a waiver provision in a second settlement reached by the litigation trustee for Patriot National Inc., a bankrupt insurance firm, with 10 former directors and officers over their alleged waste of $250 million (In re:  Patriot National, Inc., Chapter 11, No. 18-10189, D. Del. Bkcy.)....