An Argo Group International Holdings Inc. unit won a directors and officers insurance dispute against the former head of a New York sporting goods company that had filed for bankruptcy after a federal judge in Manhattan ruled the carrier never breached its insurance contract.
Mitchell B. Modell, former CEO of Modell’s Sporting Goods Inc., failed to show Argonaut Insurance Co. wrongfully provided legal defense and settlement payments to Eric Spiel, the sports retailer’s former chief financial officer, the US District Court for the Southern District of New York said Thursday. The court granted a motion from the insurer and Spiel ...
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