LexisNexis® Legal Newsroom
Insurance Coverage for Ponzi Scheme Losses?

It sounds like a good idea: Insure against losses from investing in a Ponzi scheme. Insurance policies, including homeowner's policies, can provide coverage from losses from fraud, embezzlement or forgery. But does it work to provide compensation for losses in a Ponzi scheme? Last year, the...

Supreme Court Won’t Rule On Injunctive Relief Under Bankruptcy Code Section 524(g)

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today denied a petition to resolve the question of whether a bankruptcy court’s order barring the assertion of contribution claims against settling insurers must be accompanied by the establishment of alternative means for the nonsettling...