Assured Guaranty to Receive $105 Million Cash Payment and Full Reimbursement of Future RMBS Claims in Settlement with Flagstar Bank

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Assured Guaranty to Receive $105 Million Cash Payment and Full Reimbursement of Future RMBS Claims in Settlement with Flagstar Bank Powered By Docstoc
					
				
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Description: HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE:AGO) (AGL and, together with its subsidiaries, Assured Guaranty or the Company) announced today that Assured Guaranty and Flagstar Bank have entered into a Settlement Agreement concerning Assured Guaranty’s litigation against Flagstar Bank for breaches of representations and warranties (R&W) in insured residential mortgage-backed securities (RMBS). The agreement follows the February 5, 2013 decision by Judge Rakoff of the United
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