( February 20, 2026, 11:24 AM EST) -- NEW YORK — Calling a Second Circuit U.S. Court of Appeals ruling in early February “not only legally incorrect but equitably devastating,” a financial services company insured’s liquidating trust filed a petition for rehearing of the panel’s holding that a professional liability insurance policy’s fee exclusion bars coverage for the insured’s liability in two underlying class actions alleging that certain mortgage loan fees were unlawful and that the insured was derivatively liable under the Home Ownership and Equity Protection Act....