CIFG Sues Assured Over Xema Bonds
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- CIFG Continues Breach of Contract Suit Against Assured. Shields, Yvette // Bond Buyer;12/16/2010, Vol. 374 Issue 33434, p3
The article reports on the request of CIFG Assurance North America Inc. for a court judge in New York to order Assured Guaranty Corp. to cover the bond policy of Xenia Iowa Rural Water District as part of its reinsurance agreement. Documents were filed by CIFG that seek a summary judgment in its...
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The article discusses a court case wherein bond insurer CIFG Assurance North America (NA) Inc. had sued Goldman, Sachs & Co. and M&T Bank on August 16, 2011 for fraud and breach of contract on its commitment to guarantee 275 million dollars of mortgage-backed securities.
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- Assured Gets Order On Xenia. Shields, Yvette // Bond Buyer;6/16/2011, Vol. 376 Issue 33534, p1
The article reports on the summary judgment issued by the New York County Supreme Court judge Barbara Kapnick ordering Assured Guaranty Corp. to honor the 83.3 million U.S. dollars bond coverages of Xenia Rural Water Districts in Iowa. It notes that the judgment was based on the claims of CIFG...
- Assured Excludes CIFG Policy From Pact. Shields, Yvette // Bond Buyer;5/18/2010, Vol. 372 Issue 33318, p1
The article reports on the decision of Assured Guaranty Corp. to exclude from the pact policy of CIFG Assurance North America Inc. that covers debt issued by Xenia Rural Water District in Iowa. CIFG has challenged the decision of Assured, which could result to litigation. It is particularly...
- Xenia District Pays Some Debt Service. Shields, Yvette // Bond Buyer;12/9/2010, Vol. 374 Issue 33430, p1
The article reports on the debt-service payment made by Xenia Rural Water District of Iowa on 83 million dollars of water revenue bonds with CIFG Assurance North America Inc. to fight insolvency. It reveals that the district has drained its bond reserve to make all but 69,000 dollars of the 1.88...
- CIFG Sues B of A Over Mortgage Securities. // American Banker;11/26/2012, Vol. 177 Issue 179, p10
Brief information is given about CIFG Assurance North America's lawsuit filed in New York against Bank of America which is accused of fraud and breach of contract related to residential mortgage-backed securities.
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