Bank Appeals Denial Of Coverage For Madoff Loss

Law360, New York (June 4, 2010, 4:56 PM EDT) -- Associated Community Bancorp Inc. has appealed a final judgment in favor of St. Paul Mercury Insurance Co. and Travelers Cos. Inc. in the bank's lawsuit over defense costs related to losses from Bernard L. Madoff's $65 billion Ponzi scheme.

Associated filed notice of its appeal of the judgment in the U.S. District Court for the District of Connecticut on Thursday, accompanied by a third amended complaint the bank is seeking leave to file in the case.

Judge Janet C. Hall issued a memorandum in April dismissing...
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