3M Loses Bid For Coverage Of WG Trading Ponzi Losses

By Jeff Sistrunk ( September 28, 2015, 10:52 PM EDT) -- A Minnesota federal judge ruled Monday that National Union Fire Insurance Co. of Pittsburgh, Pa., and a slew of excess insurers don't have to cover 3M Co.'s alleged losses in connection with WG Trading Co. LP's massive Ponzi scheme, finding 3M didn't own the lost earnings as required by the policies....

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