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Insurers Say Kokesh Means JPMorgan Can't Get $300M

By Stewart Bishop ( August 16, 2017, 9:27 PM EDT) -- Insurers looking to get out of paying roughly $300 million to JPMorgan Chase & Co. for settlement costs that Bear Stearns paid in a U.S. Securities and Exchange Commission deal asked a New York state judge Wednesday to revive the lawsuit they lost, citing the U.S. Supreme Court's recent finding in Kokesh that disgorgement is a penalty....

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