Statement on Agreement with Credit Suisse
December 2, 2014
Assured Guaranty Municipal and Assured Guaranty Corp. are pleased to have entered into an agreement that resolves our RMBS dispute against Credit Suisse. As a result, on November 25, 2014, we and Credit Suisse filed a joint stipulation to dismiss our lawsuit against Credit Suisse.
Update (posted June 16, 2015):
Although U.S. Bank National Association, the trustee for the RMBS transactions that were the subject of the dispute, filed a motion on November 20, 2014 to intervene as a plaintiff in the lawsuit, the Court denied the trustee’s motion on March 5, 2015, holding that the motion was untimely because the lawsuit was no longer pending.