May 06, 2013
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.
August 16, 2012
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.