JPI class faces potential loss after BMO appeal in Minnesota case
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JPI class faces potential loss after BMO appeal in Minnesota case

Sources expect at least $80mn-$90mn of insured losses stemming from the case.

By Jairo Ibarra Ayesha Venkataraman
October 03, 2024
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The judgment preservation insurance (JPI) class is braced for a potential loss of at least $80mn-$90mn following a favorable appeal that the Bank of Montreal (BMO) secured over a lawsuit related to a Ponzi scheme case in Minnesota, Insurance...

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