Tesoro Tells 5th Circ. Employee Forgery Counts As Theft
By Joe Van Acker ( September 4, 2015, 1:37 PM EDT) -- Tesoro Corp. told the Fifth Circuit on Thursday that a Texas federal judge incorrectly ruled that "theft" as defined in its National Union Fire Co. of Pittsburgh Pa. commercial crime policy didn't cover forged letters of credit that induced it to transfer $24 million worth of petroleum....
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