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Insurer Must Foot Legal Bill For Convicted Bank Fraudster

By Sindhu Sundar (July 11, 2012, 8:19 PM EDT) -- A New York state judge ordered Scottsdale Insurance Co. to pay the defense costs of the former GDC Acquisitions LLC CEO convicted in a $21 million bank fraud, finding the insurer is on the hook until it is decided whether the executive's alleged conduct precludes him from coverage....

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