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Lender Not Covered For $98M Judgment Fight, 4th Circ. Says

By Jeff Sistrunk (April 14, 2016, 8:48 PM EDT) -- American Bank Holdings Inc. isn't entitled to coverage from a Travelers unit for the $1.8 million it spent to vacate a $98.5 million default judgment that a disbarred attorney won against the lender in a suit over a botched real estate deal, because ABHI failed to timely notify the insurer of the suit, the Fourth Circuit affirmed Monday....

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