Pa. insurance commissioner files lawsuit against failed surety's execs

11/28/2012 | Philly.com (Philadelphia)

Top executives of a failed surety company are facing a lawsuit from Pennsylvania's insurance commissioner. According to the lawsuit, the executives are together responsible for diverting money to other businesses and for "the wrongful raiding of over $3.5 million." The surety was taken over by the commissioner's department earlier this year.

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Philly.com (Philadelphia)

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