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Insurer Must Defend Adviser In Stock Overvaluation Suits

By Jeff Sistrunk ( February 7, 2020, 6:34 PM EST) -- A Michigan federal judge on Friday ruled that Great American Fidelity Insurance Co. must continue to defend advisory firm Stout Risius Ross against claims that it cost Appvion Inc.'s employee stock ownership plan millions by overvaluing shares of the papermaker's parent company....

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