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Platinum Execs Say Insurers Must Give Cash For Defense

By Stewart Bishop (October 10, 2017, 9:06 PM EDT) -- Attorneys for hedge fund Platinum Partners and some of its executives on Tuesday pressed a New York state judge to force three excess insurers to advance money to cover their costs of defending against criminal charges over a purported $1 billion securities fraud scheme involving an offshore driller, saying the insurers are duty-bound to provide coverage....

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