3M Not Covered For Ponzi Losses, 8th Circ. Affirms

By Jeff Sistrunk ( May 31, 2017, 4:25 PM EDT) -- The Eighth Circuit on Wednesday upheld a Minnesota federal court's ruling that 3M Co.'s insurers don't have to cover its losses in connection with WG Trading Co. LP's massive Ponzi scheme, agreeing with the lower court that 3M didn't own the lost earnings, as required by the policies....

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