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Legal News

: International and UK Law

Merrill Lynch sues bond insurer over claims

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The credit crunch passed another milestone yesterday as Merrill Lynch became the first known investor to sue a bond insurer, claiming that Security Capital Assurance was attempting to avoid meeting claims on $3.1 billion ($£1.6 billion) of souring bonds.

Full post as published by International and UK Law on March 19, 2008 (boomark / email).

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