Merrill Lynch & Co In said Wednesday that it filed a lawsuit against XL Capital Assurance Inc.
Merrill said it filed the suit to make clear that XL Capital Assurance, a unit of Security Capital Assurance Ltd , is required to meet its contractual obligations for credit default swaps.
The brokerage is seeking a court order that each of the credit default swaps remains in full force and effect.
(Reporting by Chris Reiter, editing by Gerald E. McCormick/Andre Grenon)
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
WTW Sues Former Yacht Team, Howden US Over Defection 
Safepoint Exec Pay, Slide’s Stock Sell-Offs Getting Attention in Florida 
Arthur J. Gallagher’s RPS Acquires McKee Risk Management 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
