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Assured Guaranty Municipal Corp. v. UBS Real Estate Securities Inc.
Case Number:
1:12-cv-01579
Court:
Nature of Suit:
Judge:
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May 06, 2013
UBS Pays $358M To Settle Assured's RMBS Suit
UBS AG has agreed to pay $358 million to Assured Guaranty Ltd. in an agreement that settles a lawsuit claiming that UBS falsely overstated the quality of mortgage loans underlying residential mortgage-backed securities, Assured announced Monday.
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August 16, 2012
UBS Unit Can't Ditch Suit Over $308M MBS Insurance
A UBS AG subsidiary must face claims it gave credit rating agencies false information about mortgage-backed securities that later tanked, forcing Assured Guaranty Municipal Corp. to pay out $308 million in insurance claims to investors, a New York federal judge ruled Wednesday.