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Rankin v. Connecticut Municipal Electric Energy Cooperative
Case Number:
3:23-cv-00805
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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April 08, 2024
Convicted CEO Wants Utility To Fund Defense Through Appeal
The former CEO of the Connecticut Municipal Electric Energy Cooperative urged a federal judge on Monday to order the organization to cover his legal expenses while he appeals his conviction for stealing public funds and prepares for a trial in yet another criminal case.
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April 01, 2024
AIG Unit Can't Toss Conn. Utility's $3M Defense Cost Bid
An AIG unit can't escape the Connecticut Municipal Electric Energy Cooperative's third-party suit seeking to recoup $3 million in legal expenses, a Connecticut federal court ruled, saying the cooperative has standing to pursue coverage on behalf of its former CEO who was convicted of stealing public funds.
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September 21, 2023
Utility Can't Recover $3M In Defense Costs, AIG Unit Says
An AIG unit asked a Connecticut federal court to toss the Connecticut Municipal Electric Energy Cooperative's bid to recoup $3 million in legal expenses, arguing that the cooperative is not considered an "individual insured" under the portion of the policy it attempted to invoke.
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August 17, 2023
Utility Seeks $3M For Convicted CEO, Officers' Defense Costs
The Connecticut Municipal Electric Energy Cooperative urged a federal court to find that an AIG unit must reimburse it the $3 million it spent defending its ex-CEO and two other former board members who were convicted of stealing public funds, arguing that the court previously ruled that coverage was available under its policy.
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August 07, 2023
Conn. Utility Wants Convicted Ex-CEO's Legal Fee Claims Cut
The Connecticut Municipal Electric Energy Cooperative is seeking the dismissal of three of the five claims in an indemnification lawsuit brought by its former CEO who was convicted of stealing public funds, stating that the utility's bylaws don't include the contractual commitment alleged.
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June 22, 2023
Convicted Ex-CEO Claims Utility Must Pay $2.5M Defense Fees
Connecticut Municipal Electric Energy Cooperative's former CEO, who was convicted of stealing public funds to pay for lavish trips to the Kentucky Derby and elsewhere, hit the utility with an indemnification lawsuit in Connecticut federal court Wednesday, alleging the cooperative is unfairly demanding he repay $2.5 million in defense fees.