Merrill Lynch sues SCA for credit swaps
Merrill claims SCA’s financial guarantee subsidiary, XL Capital Assurance, owes the firm as much as $3.1 billion.
Merrill Lynch & Co. has filed a lawsuit against a bond insurer unit of Security Capital Assurance, claiming that the firm is attempting to avoid financial obligations made to the investment management firm.
The lawsuit filed by Merrill Lynch International in New York Federal Court yesterday allege
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