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With awards of more than $123 million, a federal judge in Delaware has awarded nearly $400 million thus far to a trio of banks in their disputes with Royal Indemnity Co. over its refusal to cover defaulted student loans. U.S. District Judge Joseph J. Farnan Jr. rejected Royal Indemnity's claim that it was entitled to deny coverage on the grounds that the policies were procured through fraud.
March 31, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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