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Join the Securities Litigation and Enforcement Group on LinkedInThe Catch with Kokesh: Insurers Refusing to Cover Disgorgement to SEC – King & Spalding
While the J.P. Morgan decision will not be the final word on the insurability of disgorgement, the policy language at issue is commonplace and insurers certainly will cite the case to support denials of coverage. Additionally, courts in a number of states have held that fines and penalties are not insurable as a matter of […]