Bank's Role In Ponzi Scheme Not Covered, 11th Circ. Told
By Steven Trader ( September 6, 2016, 7:45 PM EDT) -- The insurer for a bank accused of enabling a Rothstein Rosenfeldt Adler PA partner's $1.2 billion Ponzi scheme urged the Eleventh Circuit on Tuesday to affirm that a professional services exclusion barred coverage of a $50 million judgment the bank consented to with the liquidating trustees of the firm....
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