(October 22, 2015, 1:55 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Oct. 21 affirmed a lower federal court’s ruling that there is no directors and officers liability coverage for five underlying lawsuits arising out of the securitizations of residential mortgage-backed securities (Nomura Holding America Inc. v. Federal Insurance Co., No. 14‐3789, 2nd Cir.)....