Ex-CEO Seeks Ch. 11 Legal Fee OK To Fight Altegrity Suit

Law360, Wilmington (November 9, 2017, 9:09 PM EST) -- The former CEO of security screener Altegrity Inc. has asked a Delaware bankruptcy court to lift restrictions on company insurer payments for her defense against a post-confirmation damage suit, saying she is “unambiguously entitled” to the funds.

In a motion filed in Judge Laurie Selber Silverstein’s court on Wednesday, ex-CEO Sharon T. Rowlands said that Altegrity’s Chapter 11 plan made no provision for legal fee or defense cost payments in connection with the federal suit Altegrity’s plan administrator brought against her in the Southern District of...
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