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February 6, 2013
05:22 EDTFBC, AGOFlagstar Bancorp to appeal court ruling on Assured Guaranty
Flagstar Bancorp (FBC), the holding company for Flagstar Bank, reported that on February 5, the U.S. District Court for the Southern District of New York issued a decision in the previously disclosed lawsuit filed by Assured Guaranty (AGO), formerly known as Financial Security Assurance. The Court granted judgment in favor of Assured on its claims for breach of contract against the bank in the amount of $90.1M plus contractual interest and attorneys' fees and costs to be determined. Flagstar strongly disagrees with the Court's ruling and intends to vigorously contest the outcome on appeal.
News For FBC;AGO From The Last 14 Days
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September 2, 2014
07:05 EDTAGOAssured Guaranty assumed with an Outperform at Keefe Bruyette
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August 27, 2014
09:53 EDTFBCOn The Fly: Analyst Downgrade Summary
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08:51 EDTFBCFlagstar Bancorp downgraded to Sell at BTIG
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07:42 EDTFBCFlagstar Bancorp downgraded to Sell from Neutral at BTIG
August 26, 2014
17:10 EDTFBCFlagstar Bancorp says has commenced discussions with CFPB
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