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Judge tells insurer: Pay insider trading legal fees - for now

yahoo.com (2 years and 2 months ago)

May 11, 2012

NEW YORK (Reuters) - A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider trading investigation. District Court Judge Paul Engelmayer said irreparable harm could be done to the employees of Level Global Investors, if XL Speciality Insurance did not keep paying legal fees for their... full story

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