Former Modell CEO’s Appeal Withdrawn In D&O Coverage Dispute

(July 23, 2024, 8:13 AM EDT) -- NEW YORK — One day after the parties filed an agreement and joint stipulation of dismissal, the Second Circuit U.S. Court of Appeals dismissed the appeal of the former chief executive officer of the now bankrupt Modell’s Sporting Goods Inc. (MSGI) seeking review of a lower federal court’s ruling that granted a directors and officers liability insurer’s motion to dismiss his breach of contract and declaratory judgment lawsuit....