Southern District Judge Jed Rakoff last week ordered Flagstar Bancorp Inc. to pay monoline bond insurer Assured Guaranty Municipal Corp. $90.1 million plus attorney fees following a bench trial in a lawsuit accusing Flagstar of misrepresenting the risks associated with mortgage-backed securities.
Ruling Favors Insurers in MBS Litigation
New York Law Journal
February 11, 2013
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