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Insurer Says Policy Won't Cover Claims Over $3B Verizon Deal

By Jeannie O'Sullivan ( February 23, 2018, 8:23 PM EST) -- U.S. Specialty Insurance Co. on Friday asked a federal judge to rule that it doesn't have to defend IDT Corp. chairman Howard Jonas against a stockholder suit stemming from an IDT spinoff's $3 billion wireless spectrum sale to Verizon, arguing that the spinoff isn't covered by IDT's policy....

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