( June 19, 2026, 2:27 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on June 18 affirmed a lower federal court’s dismissal of an insured’s breach of contract and declaratory judgment lawsuit seeking coverage under a financial institution bond for its $4 million in unrecovered losses arising from a spear phishing scheme, agreeing that an exclusion in the bond’s electronic mail initiated transfer fraud coverage provision applies as a bar to coverage....