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Stock Market & Financial Investment News

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February 9, 2013
14:41 EDTFBCFlagstar issues revised 2012 results based on analysis of Assured decision
Flagstar Bancorp, the holding company for Flagstar Bank, FSB, announced that it has completed an analysis of the financial impact arising from the decision of the United States District Court for the Southern District of New York in the previously disclosed lawsuit filed by Assured Guaranty Municipal Corp., formerly known as Financial Security Assurance.This decision was described in a press release issued by Flagstar on February 5, 2013. Flagstar disagrees with the Court's decision and intends to contest the outcome on appeal.
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