Aspen Tries To Duck Bill For Alleged $3M Stock Scam
London-based Aspen filed its complaint Thursday in the U.S. District Court for the Northern District of Illinois, saying several exclusions in its policy meant it had no duty to defend or indemnify CIG in an underlying lawsuit over alleged stock fraud.
Aspen also named the plaintiff in the underlying suit, aggrieved investor Banyan Investors LP, as a defendant.
Chicago-based CIG allegedly...
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