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02/06/2013 03:54:57 PM EST

$90M Ruling For Assured Gives Monolines Ammo Against Banks

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Law360: Commercial Contracts

A ruling for a monoline insurer in its contract suit against a Michigan bank over home loans backing nearly $1 billion in mortgage-backed securities sets a precedent for monoline insurers to use statistical samples of loan pools to prove liability and damages, insurance and banking attorneys said Wednesday. Read More...