Assured Guaranty Corp., a monoline insurer suing Credit Suisse affiliate DLJ Mortgage Capital for allegedly misrepresenting the safety of mortgage-backed securities it sold in 2006 and 2007 can seek damages beyond those available to the purchasers of the securities, a state appeals panel ruled Thursday.
February 28, 2014 at 12:00 AM
1 minute read
Assured Guaranty Corp., a monoline insurer suing Credit Suisse affiliate DLJ Mortgage Capital for allegedly misrepresenting the safety of mortgage-backed securities it sold in 2006 and 2007 can seek damages beyond those available to the purchasers of the securities, a state appeals panel ruled Thursday.
The Appellate Division, First Department panel’s ruling reversed Manhattan Supreme Court Justice Shirley Kornreich (See Profile).
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