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Lost Earnings Were Not ‘Owned’ By Insured; No Coverage Owed, Federal Judge Rules

Mealey's (September 30, 2015, 10:21 AM EDT) -- MINNEAPOLIS — A Minnesota federal judge held Sept. 28 that because any lost earnings stemming from a Ponzi scheme perpetuated by an insured’s investment advisers were not "owned" by the insured...
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