3M Not Covered For Ponzi Losses, Insurers Tell 8th Circ.
By Jeff Sistrunk ( February 22, 2016, 9:16 PM EST) -- An American International Group unit and a slew of excess insurers urged the Eighth Circuit on Friday to affirm a federal court's ruling that they don't have to cover 3M Co.'s alleged losses in connection with a massive Ponzi scheme, saying the lower court correctly found that 3M didn't own the lost earnings as required by the policies....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.