Mealey's PI/Product Liability - Doctor: Insurance Proceeds In Savient Bankruptcy Can Be Used For Defense Costs

Mealey's PI/Product Liability - Doctor: Insurance Proceeds In Savient Bankruptcy Can Be Used For Defense Costs

WILMINGTON, Del. - A medical doctor who is a former member of the board of directors of bankrupt Savient Pharmaceuticals Inc. on March 18 moved in the U.S. Bankruptcy Court for the District of Delaware for a determination that the automatic stay in the Chapter 11 bankruptcy of Savient Pharmaceuticals Inc. does not bar the use of insurance proceeds to pay his defense costs (In Re: Savient Pharmaceuticals Inc., No. 13-12680, Chapter 11, D. Del. Bkcy.).

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