ACA Financial Can't Quash Bond Dispute In Miss.

Law360, Los Angeles (May 10, 2013, 5:19 PM EDT) -- A Mississippi federal judge on Thursday denied a bid to dismiss an ACA Financial Guaranty Corp. policyholder's putative class action over the insurer's refusal to pay for previously covered bonds, saying he's awaiting a New York state appeals court's ruling in a related dispute.

U.S. District Judge Michael P. Mills declined to decide whether ACA must pay for toll road revenue bonds from an issuer that went broke in July 2011, until the New York court finishes considering ACA's argument that a bankruptcy court's cancelation of...
To view the full article, register now.




Case Information

Case Title

Davis v. ACA Financial Guaranty Corporation

Case Number



Mississippi Northern

Nature of Suit



Michael P. Mills

Date Filed

July 15, 2011

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.