Ch. 7 Trustee For Nightclub Insurer's Units Can Access Docs
By Matt Chiappardi
Law360, Wilmington (February 3, 2014, 7:15 PM ET) -- A Delaware bankruptcy judge on Monday allowed the trustee for affiliates of nightclub insurer Indemnity Insurance Corp. RRG to have immediate access to records at the company’s offices, but limited how much the firm’s founder, whom regulators claim might spoil evidence in IIC's rehabilitation, could participate in their retrieval.
U.S. Bankruptcy Judge Kevin J. Carey approved an order that represented a compromise between Delaware Insurance Commissioner Karen Weldin Stewart and Charles M. Forman, the Chapter 7 trustee for The Agency LLC and Insurance Designers of Maryland...