Ambassadors Execs Get Defense Coverage In DOJ Fight

Law360, New York (June 11, 2012, 2:51 PM EDT) -- A federal judge on Friday allowed the former directors and officers of bankrupt cruise line operator Ambassadors International Inc. to receive legal costs incurred through a fight with the U.S. Department of Justice from National Union Fire Insurance Co. of Pittsburgh, Pa.

National Union was authorized by U.S. Bankruptcy Judge Kevin Gross to pay the DOJ about $676,000 to settle personal liability claims related to actions from a 2009 suit brought against the company by the U.S. Maritime Administration, as well as an unspecified amount of...
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.