UBS, Merrill Lynch Sued Over Detroit Pension Swap Contracts

By Kathryn Brenzel (July 25, 2013, 6:49 PM EDT) -- Syncora Guarantee Inc. on Wednesday urged a New York state judge to stop Detroit from axing pension interest rate swap contracts with UBS AG, arguing that allowing the bankrupt city to terminate the agreements without consent would wrongfully expose Syncora to significant liability....

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