Federal Judge Dismisses D&O Coverage Dispute Brought By Former CEO Of Modell’s

(February 14, 2024, 9:00 AM EST) -- NEW YORK — A federal judge granted a directors and officers liability insurer’s motion to dismiss a breach of contract and declaratory judgment lawsuit brought by the former chief executive officer of the now bankrupt Modell's Sporting Goods Inc., finding that the policy does not give the plaintiff the right to block coverage for the company’s former chief financial officer’s $2.8 million settlement of an underlying adversary proceeding filed by the liquidating trustee....