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FINANCIAL GUARANTY INSURANCE COMPANY v. MORGAN STANLEY ABS CAPITAL I INC.

652914/14. 6154. 652853/14. 6153.

164 A.D.3d 1126 (2018)

84 N.Y.S.3d 163

2018 NY Slip Op 06057

Financial Guaranty Insurance Company, Respondent, v. Morgan Stanley ABS Capital I Inc. et al., Appellants. Financial Guaranty Insurance Company, Respondent, v. Morgan Stanley ABS Capital I Inc. et al., Appellants.

Appellate Division of the Supreme Court of New York, First Department.

Decided September 13, 2018.

Plaintiff, a monoline financial guaranty insurer, commenced two separate actions seeking to hold defendants liable for damages in connection with insurance payments it made on certain certificates that were issued in two separate transactions: (1) with regard to index no. 6528153/14, plaintiff issued a financial guaranty insurance policy guaranteeing payments on certain certificates that were issued in a securitization of securities (from previous securitization) supported...

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