Tags: Detroit | lawsuit | swap | deals

Syncora Guarantee Files Suit in NY Over Detroit Swap Deals

Thursday, 25 Jul 2013 02:37 PM

Syncora Guarantee Inc. filed a lawsuit in New York state court seeking to block UBS AG from terminating interest-rate swap agreements with the city of Detroit.

The lawsuit also names Merrill Lynch Capital Services Inc. and SBS Financial Products Co.

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Syncora Guarantee Inc. filed a lawsuit in New York state court seeking to block UBS AG from terminating interest-rate swap agreements with the city of Detroit.
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