N.Y. Court: Fidelity Bonds Cover Commodity Futures Broker’s $141M Trading Loss

(March 21, 2022, 12:56 PM EDT) -- NEW YORK — A New York appeals court on March 17 held that a commodities futures broker is covered under fidelity bonds for its $141 million trading loss incurred by one of its brokers, modifying, on the law, a lower court’s summary judgment rulings and remanding for further proceedings in a declaratory judgment lawsuit brought by primary and excess insurers....

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