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Financial Guaranty Insurance Company v. The Putnam Advisory Company, LLC
Case Number:
1:12-cv-07372
Court:
Nature of Suit:
Judge:
Firms
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September 11, 2013
Credit Agricole Unit Dodges $180M Suit Over Bum CDO
The investment bank subsidiary of French bank Credit Agricole SA has escaped a $180 million suit over an allegedly built-to-fail mortgage-backed security that imploded during the financial crisis, according to a New York federal court ruling made public Tuesday.
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October 02, 2012
FGIC Claims Putnam Misrepresented Failed $900M CDO
Financial Guaranty Insurance Co. hit Putnam Advisory Co. with a complaint Monday alleging the Boston-based investment adviser fraudulently induced FGIC to insure $900 million of credit protection in a collateralized debt obligation whose assets had actually been selected for their weakness.