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'Shadow Insurance' Classes Ask 2nd Circ. To Revive Claims

By Stewart Bishop (February 15, 2017, 9:26 PM EST) -- A policyholders attorney asked the Second Circuit on Wednesday to revive proposed class claims against Metropolitan Life Insurance Co. and AXA Life Insurance Co. over "shadow insurance" transactions, saying the insurers never disclosed that the tactic falsely inflated company finances....

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