United Guaranty, Countrywide Suit Lands In Calif.

Law360, New York (July 2, 2009, 12:00 AM EDT) -- Following a fierce jurisdictional showdown, a federal judge has ruled that the legal battle between American International Group Inc. unit United Guaranty Mortgage Indemnity Co. and Countrywide Bank FSB over mortgage insurance will be waged in a California federal district court.

U.S. District Judge Mariana R. Pfaelzer ruled Wednesday that three suits and three pending arbitrations filed over insurance policies written by former mortgage-lending giant Countrywide and insured by United Guaranty will go forward as one suit in the U.S. District Court for the Central District...
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