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3rd Circ. Grants $10M Account To Wachovia In Bankruptcy Deal

By Kat Greene ( August 8, 2013, 11:01 PM EDT) -- Wachovia Bank NA won dibs on the $10 million bank account of an insurance company Thursday, when the Third Circuit ruled the insurer's bankrupt parent WL Homes LLC had control of the account at the time it posted the money as collateral on a Wachovia-underwritten loan....

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