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Patriarch Not Covered For SEC Probe, Axis Tells 2nd Circ.

By Jeff Sistrunk (March 16, 2018, 7:57 PM EDT) -- Axis Insurance Co. on Friday urged the Second Circuit to uphold a New York federal court's ruling that it doesn't owe Lynn Tilton's Patriarch Partners LLC $5 million to cover the costs of an SEC investigation and enforcement action, saying the lower court properly concluded that coverage is barred because the probe predated the insurer's policy....

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