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Nomura Loses Bid To Make Insurer Pay For RMBS Litigation

By Kira Lerner ( September 11, 2014, 5:34 PM EDT) -- A New York federal judge on Thursday let Federal Insurance Co. off the hook from covering Nomura Holding America Inc. in five underlying suits over misleading securitizations of residential mortgage-backed securities, finding the claims are related to a previous suit and precluded from coverage....

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