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NY Court Upends Coverage Win For Former RCAP Execs

By Jeff Sistrunk (May 14, 2020, 10:48 PM EDT) -- A New York appeals court on Thursday reversed a lower court's ruling that two excess insurers for RCAP Holdings LLC breached their duty to cover legal costs incurred by five former RCAP executives, including onetime executive chairman Nicholas Schorsch, who are facing a sprawling suit brought by the firm's bankruptcy trust....

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