2nd Circ. Backs Insurer In $15M Nomura Coverage Battle

By Jody Godoy (October 21, 2015, 5:28 PM EDT) -- The Second Circuit on Wednesday affirmed a ruling letting an insurer out of providing $15 million in coverage to Nomura for five suits over misleading descriptions of residential mortgage-backed securities, adopting a New York federal judge's finding that the claims are related to a previous suit and precluded from coverage....

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