Ambac faces key hearing ahead of $1 billion Countrywide mortgage-backed securities trial | Business Information & News | Westlaw

Ambac faces key hearing ahead of $1 billion Countrywide mortgage-backed securities trial | Business Information & News | Westlaw

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5/17/22 Alison Frankel's On The Case 21:05:01
Alison Frankel's On The Case
Copyright (c) 2022 Thomson Reuters
May 17, 2022
Ambac faces key hearing ahead of $1 billion Countrywide mortgage-backed securities trial
Alison Frankel
(Reuters) - No, you didn't misread that headline: After 12 years of litigation, the insurer Ambac Assurance Corp is scheduled for a bench trial in September in Manhattan state court to prove its claims that Countrywide Home Loans Inc is on the hook...
---- Index References ----
Company: U.S. Bank National Association; WILLIAMS & CONNOLLY LLP; BANK OF AMERICA CORPORATION; AMBAC ASSURANCE CORPORATION; QUINN EMANUEL URQUHART & SULLIVAN, LLP; COUNTRYWIDE HOME LOANS, INC.; New York State Supreme Court Officers Association; mbs, inc.
News Subject: (Funding Instruments (1FU41); Major Corporations (1MA93); Mortgage-Backed Markets (1MO87); Real Estate Investments (1RE04); Securitization (1SE75))
Industry: (Asset-Backed Securities (1AS67); Banking (1BA20); Consumer Finance (1CO55); Financial Services (1FI37); Investment Management (1IN34); Loans (1LO12); Mortgage Banking (1MO85); Retail Banking Services (1RE38); Securities Investment (1SE57))
Region: (Americas (1AM92); New York (1NE72); North America (1NO39); U.S. Mid-Atlantic Region (1MI18); USA (1US73))
Language: EN
Other Indexing: (FRANKEL; New York high court; Court of Appeals; U.S. Bank National Association; Williams & Connolly; Bank of America Corp; Ambac Assurance Corp; Quinn Emanuel Urquhart & Sullivan; Countrywide Home Loans Inc; New York State Supreme Court; MBS) (Ambac; Richard Reed; Richard L. Reed; Michael Carlinsky)
Keywords: securities; banking; realestate; litigation
Word Count: 1027
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