Cruise Line Execs Demand Defense Coverage For DOJ Claims

Law360, New York (April 26, 2012, 5:25 PM EDT) -- Former executives of bankrupt cruise ship operator Ambassadors International Inc. on Wednesday urged a Delaware court to approve an insurer payout to cover legal costs incurred through a fight with the U.S. Deparment of Justice, despite the Chapter 7 trustee's objection.

Facing potential claims against them by the DOJ, the nine former executives proposed an order April 12 authorizing payment by Ambassadors' directors & officers insurance policy issuer, National Union Fire Insurance Co. of Pittsburgh, Pa.

But Trustee Charles A. Stanziale Jr., appointed March 14 when...
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