Relativity Secures Contested D&O Policies In Ch. 11

Law360 (May 16, 2018, 10:45 PM EDT) -- Relativity Media received a New York bankruptcy judge's permission Wednesday to buy $3 million worth of insurance policies to protect current and former directors and officers, possibly including lawsuit-facing founder Ryan Kavanaugh, despite the objection of longtime adversary Netflix that the policies are expensive and possibly of little value to the estate. 

After a hearing Wednesday afternoon, U.S. Bankruptcy Judge Michael Wiles approved the two premium payments, to be paid by Aug. 24, after saying last week saying they could not be approved as part of...
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