NY Justices Take Up JP Morgan's $140M Coverage Battle

By Jeff Sistrunk ( March 27, 2020, 5:32 PM EDT) -- New York's highest court on Thursday agreed to review a lower court's ruling that J.P. Morgan Securities Inc. is not entitled to insurance coverage for a $140 million chunk of a settlement that Bear Stearns paid to the U.S. Securities and Exchange Commission because that sum is an uninsurable penalty....

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