Ashby creditors settle for $1.5M from board insurance

Creditors of defunct Ashby, Minn., grain co-op elevator settle for $1.5 million from former directors’ “directors and officers” insurance. Meanwhile, they pursue $11,500 in co-op funds Jerry Hennessey illegally used to pay for a house owned by the former laborer who drove him to Iowa when Hennessey’s embezzlement was discovered.
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