Insureds Sue Excess D&O Insurers For Bad Faith, Seek Coverage For Receiver’s Claims

( April 17, 2024, 8:43 AM EDT) -- CLEVELAND — The former chief executive officer and the general counsel of Dream Center Education Holdings LLC sued their excess directors and officers liability insurers for breach of contract and bad faith in an Ohio federal court, alleging that the insurers’ denials of coverage for a receiver’s underlying lawsuit “are both baseless and unreasonable.”...