Bankrupt Insurance Firm Seeks Approval Of $11M Settlement With Directors

Mealey's (September 22, 2020, 12:00 PM EDT) -- WILMINGTON, Del. — The litigation trustee for Patriot National Inc., a bankrupt insurance firm, asks a Delaware bankruptcy court in a Sept. 18 motion to approve an $11 million settlement with 10 former directors and officers as to 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.)....