Nightclub Insurer's Founder Blames Judge For 'Destruction'

Law360, Wilmington (February 27, 2014, 5:02 PM EST) -- The founder of nightclub insurer Indemnity Insurance Corp. RRG on Wednesday slammed the Delaware Chancery judge presiding over his former company's rehabilitation, accusing him of permitting the firm's "rampant destruction" and ignoring alleged evidence of "grossly negligent" conduct by agents of the state receiver.

In a strongly worded letter to Vice Chancellor J. Travis Laster, IIC founder and former CEO Jeffrey B. Cohen, who has tried to intervene in the proceedings at least twice, said that his due process rights were being violated and went as...
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