NY Appeals Court Reinstates Assured Guaranty’s Lawsuit Against Credit Suisse, First Horizon Settles with Freddie
March 7, 2014
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...