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Insurer Foils Advest Claim For Coverage In Fraud Suit

By Christine Caulfield ( October 30, 2009, 5:20 PM EDT) -- A federal judge has tossed broker-dealer Advest Inc. 's counterclaim in a suit brought by American Automobile Insurance Co. seeking a declaratory judgment that the insurer has no duty to defend or indemnify Advest in litigation stemming from an employee's kickback scheme. . . .

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