Lentek Execs Seek D&O Coverage For Trustee Claims

Law360, New York (September 16, 2010, 2:44 PM EDT) -- Two former Lentek International Inc. executives have hit U.S. Liability Insurance Co. with a suit seeking directors and officers coverage for more than $1 million in settlements that resolved a trustee's claims in the pest control and home good company's bankruptcy proceedings.

CEO Joe Durek and President Lou Lentine claim that the insurer left them to defend themselves in cases related to the company's bankruptcy “despite the insurer's good faith obligation to handle and settle the claims,” according to the complaint originally filed in state court...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.