Lentek Execs Seek D&O Coverage For Trustee Claims

Law360 (September 16, 2010, 2:44 PM EDT) -- Two former Lentek International Inc. executives have hit U.S. Liability Insurance Co. with a suit seeking directors and officers coverage for more than $1 million in settlements that resolved a trustee's claims in the pest control and home good company's bankruptcy proceedings.

CEO Joe Durek and President Lou Lentine claim that the insurer left them to defend themselves in cases related to the company's bankruptcy “despite the insurer's good faith obligation to handle and settle the claims,” according to the complaint originally filed in state court but removed by USLI to the U.S. District Court for the Middle District of Florida...

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