FINRA Sues Insurer Over Costs Of Ex-Director's Bias Suit
According to FINRA, Axis initially said a $10 million employment practices insurance policy would pay for FINRA's defense against an ex-director who claims that he was fired because of his age. The insurer later backed away from its commitment, citing a technical problem with the claim, FINRA says in its complaint.
FINRA's insurance coverage...
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