NY High Court Sides With JP Morgan In $140M Insurance Suit

By Shawn Rice (November 23, 2021, 8:10 PM EST) -- A majority of New York's highest court said Tuesday that a $140 million settlement payment by J.P. Morgan Securities Inc.'s predecessor to the U.S. Securities and Exchange Commission wasn't an uninsurable penalty, reversing a state appellate court's ruling in a decadeslong insurance case....

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