Bond Insurers Higher on Key Win By Assured Guaranty (AGO) over Flagstar Bancorp (FBC)

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Go back to Bond Insurers Higher on Key Win By Assured Guaranty (AGO) over Flagstar Bancorp (FBC)

Assured Guaranty (AGO) Wins MBS Case Against Flagstar Bank (FBC)

February 6, 2013 7:57 AM EST

Assured Guaranty (NYSE: AGO) moved higher early on Wednesday after a judge ruled that Flagstar Bancorp (NYSE: FBC) must pay $90.1 million in a contract dispute over mortgage-backed securities. The judge ruled that Flagstar had materially breached contracts specifying the... More