TITLE

FSA Claims Court's Ruling is Limited, Urging it Be Upheld

AUTHOR(S)
Hume, Lynn
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/20/2006, Vol. 357 Issue 32427, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the ruling from the federal appeals court panel which has stated that Financial Security Assurance Inc. can sue Stephens Inc. under the federal securities laws for alleged municipal bond related disclosure failures in the U.S. According to the report, the panel's ruling has been entirely consistent with Supreme Court precedent and with applicable authority regarding the enforceability of a contract.
ACCESSION #
21784060

 

Related Articles

  • TBMA Adds Voice to Insurer Case. Hume, Lynn // Bond Buyer;5/13/2005, Vol. 352 Issue 32132, p1 

    This article reports that the municipal bond market could face turmoil if there is a reversal of a lower court's decision to dismiss the securities fraud that Financial Security Assurance Inc. filed against Stephens Inc. for alleged bond misrepresentations, The Bond Market Association (TBMA)...

  • Michigan Passes Slate of Laws Affecting Local Bond Issuance. Devitt, Caitlin // Bond Buyer;12/29/2010, Vol. 374 Issue 33441, p8 

    The article reports on the debt-related laws that affect the bond issuance for local government in Michigan. It states that the law passed by legislators and signed by Governor Jennifer Granholm will allow local governments, facing high dept, to refinance at a net present-value loss. An overview...

  • FSA Ruling Significant, Experts Say. Hume, Lynn // Bond Buyer;6/2/2006, Vol. 356 Issue 32394, p1 

    The article reports on the ruling of a federal appeal court panel in Atlanta, Georgia that bond insurer Financial Security Assurance Inc. can sue underwriter Stephens Inc. under the federal securities fraud laws. Stephens allegedly made misrepresentations in connection with $69.6 million of...

  • FSA Won't Challenge Stephens Ruling. Hume, Lynn // Bond Buyer;4/25/2008, Vol. 364 Issue 32865, p4 

    The article reports on the decision of Financial Security Assurance (FSA) Inc. in the U.S. not to challenge an appeals court ruling that found the bond insurer was not a purchaser or seller of the municipal securities. FSA had until April 21, 2008 to petition the Supreme Court to review the...

  • Jefferson OKs Forbearance Extension. Sigo, Shelly // Bond Buyer;5/16/2008, Vol. 364 Issue 32880, p1 

    The article reports on the approval of the Jefferson County Commission to the two-week extension of forbearance agreements with creditors in Alabama. Officials will continue to negotiate with swap counterparties, bond insurers and investment banks on how to restructure the $3.2 billion sewer...

  • Jefferson County, Ala., OKs 2-Week Extension of Forbearance Agreements.  // Bond Buyer;5/16/2008, Vol. 364 Issue 32880, p26 

    The article reports on the approval of the Jefferson County Commission to the two-week extension of forbearance agreements with creditors in Alabama. Officials will continue to negotiate with swap counterparties, bond insurers and investment banks on how to restructure the $3.2 billion sewer...

  • Market Warns Against Bill That Could Suppress Muni-Backed Student Loans. Ackerman, Andrew // Bond Buyer;6/21/2007, Vol. 360 Issue 32655, p3 

    The article reports on the impact of the pending legislation in the House and Senate on state-level issuance of municipal bonds backed by student loans and market participants in the U.S. The legislation is designed to boost access to college for low-and middle-income students by increasing the...

  • Connecticut Bond Package Expected to Pass Legislative Houses. Stark, Jonna // Bond Buyer;9/21/2007, Vol. 361 Issue 32718, p29 

    The article reports that the General Assembly passed the $3.1 billion general obligation biennial bond package, SB 1501, in Connecticut. The state's Senate began debating the bill on September 20, 2007, and the House was expected to debate it later on the same day. According to the report, the...

  • Letters to the Editor. Jensen, Scott; Bandle, Bill // West County Journal;3/6/2013, Vol. 49 Issue 10, pA8 

    Two letters to the editors are presented about the need to support the general bond obligation initiative Proposition S and an approach to make permanent the daylight-saving time.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics