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$350M Insurance Suit Was Invalid, Lloyd's Tells 5th Circ.

By Caroline Simson ( December 12, 2014, 2:47 PM EST) -- Lloyd's of London told the Fifth Circuit that it should affirm the dismissal of a lawsuit brought by the founders of Safeguard Self Storage against the insurer and a Morgan Stanley unit for allegedly conspiring to block a $350 million insurance claim following Hurricane Katrina, saying the plaintiffs can't prove they have any interest in the claim....

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