The Ticker
Assured Guaranty's court win could spark new wave of RMBS litigation
2/8/13 9:24am
Assured Guaranty Corp.'s $90.1 million victory over a Michigan bank it accused of misrepresenting the quality of roughly $900 million in residential mortgage-backed securities covered by Assured could open the floodgates for similar litigation and leave global banks facing comparable suits far more inclined to settle, experts said Thursday.
