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5th Circ. Urged To Nix AIG Win In Petroleum Loss Battle

By Jeff Sistrunk ( August 12, 2016, 8:11 PM EDT) -- Tesoro urged the Fifth Circuit Friday to rethink its ruling that an AIG unit doesn't have to cover part of the company's $90 million loss because of forged letters of credit that allegedly induced it to transfer petroleum to a customer, arguing that a jury should be allowed to hear evidence on whether Tesoro relied on the forgeries. . . .

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