Insurance,
Bankruptcy
Jan. 9, 2020
Judge demands personal contributions to insurance-driven pension lawsuit settlement
Two former media executives shouldn't only rely on their insurance to settle a lawsuit with a federal pension agency, judge says.
SANTA ANA -- Saying he's concerned about a "moral message," a federal judge has called for the former owners of the now-defunct Freedom Communications Inc. to contribute to a settlement with the Pension Benefit Guaranty Corp. that so far is covered entirely by insurance.
"I'm really concerned about sending a message that anyone with an insurance policy can opportunistically gamble with workers' livelihoods and pensions and then walk...
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