Financial Guaranty Insurance v. Putnam Advisory Co.

OPINION

Sweet, D.J.

Defendant Putnam Advisory Company, LLC (“Putnam” or the “Defendant”) has moved to compel the production of four categories of documents from Plaintiff Financial Guaranty Insurance Company (“FGIC” or the “Plaintiff”). For the reasons set forth below, the motion is granted in part and denied in part.

Prior Proceedings

This is the first major motion since remand in this common-law fraud and misrepresentation case, in which FGIC, a stock insurance company, alleges that Putnam made false representations about, or negligently mismanaged, a collateralized debt obligation (“CDO”)…