Hhgregg (HGG +2.5%) announces the receipt of a $40M insurance payment (about 9% of its market...

|By:, SA News Editor

Hhgregg (HGG +2.5%) announces the receipt of a $40M insurance payment (about 9% of its market cap) related to the untimely death of former CEO Jerry Throgmartin. After a $600K payment to his estate, the remainder will "be used for general corporate and working capital purposes." (h/t/ Frank Voisin)