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Insurer Says US Bank Struck Lowball Settlement As CYA Move

By Cara Salvatore · June 11, 2018, 10:54 PM EDT

RMBS trust insurer Ambac sued trustee US Bank in New York federal court on Friday, saying US Bank wrongly settled $374 million worth of claims over bad Countrywide loans for just $94...

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Documents

Complaint

Case Information

Case Title

Ambac Assurance Corporation v. US Bank National Association

Case Number

1:18-cv-05182

Court

New York Southern

Nature of Suit

Contract: Other

Date Filed

June 08, 2018

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