Bankrupt Insurance Firm Seeks Approval Of $2.95M Settlement With Directors

Mealey's (June 1, 2020, 2:29 PM EDT) -- WILMINGTON, Del. — The litigation trustee for Patriot National Inc., a bankrupt insurance firm, asks a Delaware bankruptcy court in a May 28 motion to approve a $2.95 million settlement with the firm's former directors and officers in a separate Delaware state court suit over their alleged waste of $250 million (In re:  Patriot National, Inc., Chapter 11, No. 18-10189, D. Del. Bkcy.)....