Financial Security Assurance

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    Assured Guaranty v. JPMorgan

    August 2, 2010
    Assured Guaranty is seeking damages against JPMorgan for alleged fraud regarding municipal bonds issued by a county in Alabama that has allegedly exposed the insurer to claims of up to $378 million.Assured Guaranty Municipal Corp., f.k.a. Financial Security Assurance Inc.

    Assured Guaranty v. Deutsche Bank affiliates

    August 2, 2010
    Assured Guaranty is suing two affiliates of Deutsche Bank in an attempt to avoid paying tens of millions of dollars in claims regarding mortgage backed securities.Assured Guaranty Municipal Corp, f.k.a. Financial Security Assurance Inc., filed a civil complaint against DB

    SCA hit with class actions lawsuits filed by buyers of municipal bonds

    May 9, 2008
    Bermuda-based Security Capital Assurance Ltd., in which XL Capital owns a 46% stake, has been hit with a new wave of class action lawsuits. Already facing class action litigation brought on behalf of shareholders for alleged fraud, the latest lawsuits seek to recover damages on behalf of purchasers of municipal derivatives from January 1, 1992 to the present. The latest class action complaints - numbering three so far - were filed at three different federal courts in the United States from March 12 to April 23, 2008, with eight municipalities or cities and one university as the specimen plaintiffs.