Syncora Holdings Ltd. (fka SYCRF)

[rockraider3]

SHL statements on the Mcquarie litigation:

On February 15, 2017, Macquarie’s motion to dismiss was largely denied, but granted as to Syncora Guarantee’s requests for rescissory damages and punitive damages. Apart from these forms of relief, Syncora Guarantee’s claims for fraud and negligent misrepresentation were upheld and will continue. Fact discovery is largely concluded, with expert discovery anticipated to conclude in May 2017.

According to a schedule I once saw from Jones Day, the expert discovery tends to happen close to half way through the process. So close to half way?