A Manhattan federal judge has ordered an insurer to keep advancing legal fees of a hedge fund implicated in a criminal insider trading probe, saying the insurer was not excused because a fund analyst knew there might be a fraud when the policy was taken out.
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{
"author": {
"name": "Jonathan Stempel Reuters Katya Wachtel Reuters",
"webUrl": "/author/profile/jonathan-stempel-reuters-katya-wachtel-reuters/",
"description": "",
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"articles": [
{
"uri": "/2012/06/14/judge-level-global-deserves-xl-insurance-coverage/",
"title": "Judge: Level Global Deserves XL Insurance Coverage",
"byline": " Jonathan Stempel (Reuters), Katya Wachtel (Reuters) ",
"kicker": "News",
"prettyDate": "June 14, 2012",
"timeToRead": "3 minute",
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"authors": [
{
"webUrl": "/author/profile/jonathan-stempel-reuters-katya-wachtel-reuters/",
"name": "Jonathan Stempel (Reuters), Katya Wachtel (Reuters)"
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"summary": "A Manhattan federal judge has ordered an insurer to keep advancing legal fees of a hedge fund implicated in a criminal insider trading probe, saying the insurer was not excused because a fund analyst knew there might be a fraud when the policy was taken out.",
"body": null
}
]
}
}