Madoff Investor's $3.4M Deal Not Covered, 2nd Circ. Told
By Jeff Sistrunk ( August 3, 2018, 10:01 PM EDT) -- Two Chubb Ltd. insurers on Thursday urged the Second Circuit to affirm that they don't have to cover a nearly $3.4 million settlement that a victim of Bernard L. Madoff's Ponzi scheme paid to resolve a clawback action brought by the Madoff bankruptcy trustee, saying a lower court properly held that the action didn't trigger their policies' personal injury coverage....
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