United States:
Assured Guaranty Discontinues Lawsuit Against DB Structured Products
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On November 17, 2014, Justice Shirley Werner Kornreich of the
Supreme Court for the State of New York, New York County approved
the stipulation of voluntary discontinuance between Assured
Guaranty Municipal Corp., DB Structured Products, Inc., and ACE
Securities Corp. DB Structured Products's third-party claim
against Greenpoint Mortgage Funding, Inc. was also voluntarily
discontinued. Monoline insurer Assured filed the action in
2010, alleging breaches of representations and warranties in a 2006
RMBS transaction. Stipulation of Voluntary Discontinuance.
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