4th Circ. Says Trustees Can't Settle Co.'s Suit Against Ex-CEO

By Ganesh Setty · February 27, 2025, 10:14 PM EST

Separate bankruptcy trustees for a company and its former CEO have no right to settle the company's fraud claims against the CEO with insurance proceeds from a directors and officers policy,...

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Documents

Case Information

Case Title

Thomas Fluharty v. Philadelphia Indemnity Insurance Company

Case Number

23-1349

Court

Appellate - 4th Circuit

Nature of Suit

3422 Bankruptcy Appeals Rule 28 USC 158

Date Filed

April 03, 2023