Nightclub Insurer's Founder Says Seizure Violated Due Process

Law360, Wilmington (March 5, 2014, 10:40 PM EST) -- The founder of nightclub insurer Indemnity Insurance Corp. RRG argued Wednesday before the Delaware Supreme Court that the Chancery Court never gave him or other entities he controlled a chance to have a say in rehabilitation proceedings that included a seizure of the company.

In oral arguments before the high court, Theodore A. Kittila of Greenhill Law Group LLC, attorney for IIC founder and former CEO Jeffrey B. Cohen, contended that the ex-chief executive has been denied his due process rights in the case, claiming the...
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.