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Tuesday, June 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

$100 Million

The litigation trustee of the PNI Litigation trust, successor to Patriot National Inc., sued PNI’s former CEO Steven M. Mariano and 19 other officers for $100 million, claiming they destroyed PNI in bad faith, “almost entirely for the benefit of Mariano and his cronies,” in Delaware Chancery Court.

WILMINGTON, Del. — The litigation trustee of the PNI Litigation trust, successor to Patriot National Inc., sued PNI’s former CEO Steven M. Mariano and 19 other officers for $100 million, claiming they destroyed PNI in bad faith, “almost entirely for the benefit of Mariano and his cronies,” in Delaware Chancery Court.

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