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Insurers Make Last-Ditch Kokesh Play In Bear Stearns Fight

By Stewart Bishop (June 6, 2017, 10:02 PM EDT) -- Insurers looking to get out of funding the nearly $300 million that Bear Stearns paid in market-timing and late-trading settlement costs said Tuesday they had found a new weapon in their nearly decadelong fight, citing the U.S. Supreme Court's decision Monday that disgorgement is a penalty....

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