A former CEO can move forward with his efforts to force an insurer to stick by its initial determination to cover his legal defense costs, a Florida federal court ruled.
Although RLI Insurance Co. correctly acknowledges now that an underlying allegation against Jeffrey B. Scott for breach of fiduciary duty is not covered by its director and officer (D&O) policy, the insurer can’t reverse course, Judge Kenneth A. Marra of the US District Court for the Southern District of Florida said Thursday.
Gemini Financial Holdings, a property insurance company, was owned by Scott and Pegasus Capital Advisors LP, an investment ...
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