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$38M Win For 'Madoff' Defamation Isn't Covered, 9th Circ. Told

By Jeff Sistrunk ( November 28, 2018, 8:08 PM EST) -- Berkley National Insurance Co. urged the Ninth Circuit on Tuesday to affirm a lower court's holding that it is not obligated to cover a $38 million defamation award that a Los Angeles real estate investor won against Berkley's policyholder, who created websites comparing the investor to jailed Ponzi schemer Bernie Madoff....

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