Quantcast
Sell Side

Landmark Legal Victory for Assured in RMBS Case

FEB 6, 2013 2:30pm ET

Late Tuesday night, Judge Rakoff of the Southern District Court of New York ruled in favor of Assured Guaranty in its lawsuit brought against Flagstar Inc. for breaching its representations and warranties contract relating to over $900 million of residential mortgage-backed securities.

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Comments (1)
Justice prevails! It's reassuring that Judge Rakoff reaffirmed that a contract in the US is enforceable.
Posted by mdwjr | Thursday, February 07 2013 at 9:21AM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.