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NEW YORK (Reuters) – A New York judge has limited the damages assured guaranty corp can seek in a lawsuit accusing Credit Suisse Group AG of misrepresenting the quality of loans underlying.
Assured Guaranty Sues DLJ Mortgage Capital – MortgageOrb – Credit Suisse’s DLJ Mortgage Capital Inc. unit is being sued by Assured Guaranty Ltd. for the alleged misrepresentation of loan quality in mortgage-backed securities. According to a Bloomberg report, Assured claims that DLJ ‘repeatedly and pervasively’ provided incorrect representations about the loans, which resulted in 7,338 defective loans packaged into securities that Assured.
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A Credit Suisse AG unit on Monday asked a New York judge to "disregard" an attempt at disrupting its recent settlement with Assured Guaranty Corp. over soured residential mortgage-backed.
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According to Reuters, Credit Suisse Group AG agreed upon a settlement over charges levied against it by bond investors in National Century Financial Enterprises in lawsuits filed in the U.S. District Court, Southern District of New York.The note holders have accused the bank of raising money for the healthcare financial company, which went bankrupt in 2002.
NEW YORK, Oct 15 (Reuters) – A New York judge has limited the damages Assured Guaranty Corp can seek in a lawsuit accusing Credit Suisse Group AG of misrepresenting the quality of loans underlying.
(Reuters) – Credit Suisse Group AG (CSGN.VX) has reached a confidential settlement with Assured Guaranty Ltd (AGO.N) on claims related to what the insurer said were defective loans underlying mortgage-backed securities, court documents showed. Assured Guaranty said it had filed to dismiss its.
Oct 17 (Reuters) – Credit Suisse Group AG was. of loans underlying RMBS. In April, Assured reached a $1.6 billion settlement of a mortgage-related lawsuit with Bank of America Corp . The case is.
(Reuters) – Credit Suisse Group AG has reached a confidential settlement with Assured Guaranty Ltd on claims related to what the insurer said were defective loans underlying mortgage-backed securities, court documents showed. Assured Guaranty said it had filed to dismiss its lawsuit against Credit
Assured Vs. Credit Suisse | Bond Buyer – Assured Guaranty has followed in the footsteps of bond insurers MBIA Inc. and Ambac Financial Group in suing Credit Suisse over soured mortgage-backed securities. Assured Monday afternoon filed a.
Credit Suisse Group resolved a lawsuit filed in 2010 by bond. Credit Suisse Settles Lawsuit.. are also entangled in lawsuits from bond insurers such as Assured Guaranty Ltd. and.