BioChemics Not Covered For SEC Action, Axis Tells 1st Circ.

By Jeff Sistrunk ( May 11, 2018, 9:54 PM EDT) -- Axis Reinsurance Co. on Thursday urged the First Circuit to uphold a Massachusetts federal judge's ruling that it doesn't have to cover BioChemics Inc.'s costs to defend against U.S. Securities and Exchange Commission subpoenas and an enforcement action, saying the lower court properly found the claim predated the insurer's policy....

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