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IndyMac Can't Seek Coverage Under D&O Policies: Judge

By Allison Grande ( August 29, 2011, 3:06 PM EDT) -- A California federal judge ruled Thursday that IndyMac Bancorp Inc. lacked standing to seek coverage for several underlying actions over its mortgage-backed securities dealings from 11 insurers that had issued it $160 million worth of directors and officers policies. . . .

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