Legal Opinion
Assured Guaranty Municipal Corp. v. Flagstar Bank, FSB
District Court, S.D. New York
Decided September 25, 2012No. 11 Civ. 2375(JSR)PublishedCited by 11 opinions
1Opinion of the Court
MEMORANDUM
JED S. RAKOFF, District Judge.
Plaintiff Assured Guaranty Municipal Corporation (“Assured”)1 brings this ac*599tion alleging that defendants Flagstar Bank, FSB; Flagstar Capital Markets Corporation; and Flagstar ABS, LLC (collectively, “Flagstar”) breached a series of contracts between the parties relating to financial guaranty insurance on nearly $1 billion in Flagstar securities that were backed by home equity loans. Assured alleges that Flagstar made a number of false representations with respect to those loans, thus breaching express representations and warranties Flagstar made in…
2Cases cited12 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- UBS Financial Services, Inc. v. West Virginia University Hospitals, Inc.Court of Appeals for the Second Circuit · 2011
- Consarc Corporation v. Marine Midland Bank, N.A.Court of Appeals for the Second Circuit · 1993
- Reiss v. Financial Performance Corp.New York Court of Appeals · 2001
- Colnaghi, U.S.A., Ltd. v. Jewelers Protection Services, Ltd.New York Court of Appeals · 1993
7 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Assured Guaranty Municipal Corp. v. Flagstar Bank, FSBDistrict Court, S.D. New York · 2013
- Kirschenbaum v. 650 Fifth AvenueDistrict Court, S.D. New York · 2017
- Home Equity Mtge. Trust Series 2006-1 v. DLJ Mtge. Capital, Inc.Appellate Division of the Supreme Court of the State of New York · 2019
- Federal Deposit Insurance Corporation, As Receiver For First NBC Bank v. Murex LLC f/k/a Murex N.A. Ltd.District Court, S.D. New York · 2020
- Financial Guar. Ins. Co. v. Morgan Stanley ABS Capital I Inc.New York Supreme Court · 2017
6 more not listed; retrieve them via the Exa API.