Curt Schilling Allowed To Use $10M D&O Policy In Loan Fight

Law360, Wilmington (February 7, 2013, 9:48 PM EST) -- Former pitching ace Curt Schilling on Wednesday won a bankruptcy judge's approval to access his failed video-game company's $10 million insurance policy, which will be used to cover defense costs for himself and three executives being sued by Rhode Island over a $75 million loan.

Schilling's 38 Studios LLC crashed into Chapter 7 in June after defaulting on the loan agreement, and the former All-Star and his fellow insiders required the Delaware court's leave before they could tap its directors-and-officers policy in the Rhode Island civil...
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