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CUMIS Bond Case Ruling Favors Sperry Associates FCU vs. US Mortgage

New Jersey case involved a CUMIS fidelity bond and whether fraud committed by two mortgage companies impacted coverage.

On March 1, the New Jersey U.S. District Court ruled for Sperry. The decision could be good news for the other credit unions impacted by CUN vs. US Mortgage,  said Ken Pagliughi, an attorney representing Sperry.
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