Law360, New York (October 14, 2009) -- Bankrupt electronics retailer Circuit City Stores Inc. has reached a settlement with insurers — including Lexington Insurance Co., Liberty Mutual Fire Insurance Co. and underwriters at Lloyd’s Insurance Co. — over claims for damage to stores and business interruption resulting from Hurricane Ike in 2008.
Circuit City filed a motion Tuesday in the U.S. Bankruptcy Court for the Eastern District of Virginia requesting approval for the settlement, in which the debtor would be paid roughly...
