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Cooper Industries, Ltd. v. National Union Fire Insurance Co. of Pittsburgh, Pennsylvania

Court: Tx 7-Amarillo  11/20/2017  Fifth Circuit Affirms Judgment in Favor of Insurer under Commercial Crime Policy

Court agrees that insured did not own the earning or principal associated with funds loaned to fraudsters.

commercial crime insurance policy, Ponzi scheme, ",own",, ",loss",, ",trading", exclusion, ",indirect loss", exclusion

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