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9th Circ. Pins SEC Legal Expenses On Recycler, Not Insurer

By Elizabeth Daley ( May 9, 2025, 6:37 PM EDT) -- The Ninth Circuit affirmed Friday that a Nevada appliance recycler had no coverage for more than $1.3 million in costs associated with a U.S. Securities and Exchange Commission fraud case against it, finding that regardless of which state law applied, the result was unchanged....

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