Volume 2014 - Number 9
March 7, 2014
NY Appeals Court Reinstates Assured Guaranty’s Lawsuit Against Credit Suisse, First Horizon Settles with Freddie
A New York appeals court last week revived Assured Guaranty Corp’s claims for damages in its lawsuit against Credit Suisse Group AG concerning $1.8 billion in residential MBS. New York’s Appellate Division, First Department, unanimously reversed a trial court’s decision dismissing Assured Guaranty Municipal Corp.’s claims for rescissory and consequential damages in an action against Credit Suisse. Assured filed...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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