CEO Needn't Consent To CFO's Settlement, NY Court Says

By Alexa Scherzinger (February 13, 2024, 7:34 PM EST) -- A sporting goods company's former CEO does not get a say in the former CFO's $2.8 million settlement with a liquidating trust just because they're both insured under the same directors and officers policy, a New York federal judge ruled, calling the ex-CEO's interpretation of the policy "unreasonable and illogical."...

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