Ambac Financial Group Inc (AMBC): The reason is: NY judge finds Flags...

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Ambac Financial Group Inc (AMBC)

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Wednesday, 02/06/2013 11:14:42 AM

Wednesday, February 06, 2013 11:14:42 AM

The reason is:

NY judge finds Flagstar liable for $90 mln in mortgage case

Tue Feb 5, 2013 11:27pm EST

* U.S. judge orders Flagstar to pay Assured Guaranty $90.1 million

* Lawsuit focused on quality of loans in mortgage-backed securities

* Assured had sought $116 million

* Flagstar says will appeal the ruling

By Nate Raymond

NEW YORK, Feb 5 (Reuters) - Flagstar Bancorp Inc was ordered on Tuesday to pay $90.1 million to bond insurer Assured Guaranty Ltd in a contract dispute over loans underlying $900 million in mortgage-backed securities.....

http://www.reuters.com/article/2013/02/06/assured-flagstar-verdict-idUSL1N0B5PPP20130206

or

http://www.thestreet.com/story/11834079/1/mbia-shares-jump-as-case-against-bank-of-america-strengthens.html

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