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.
Space Startups Seek Insurance for Orbital AI Data Centers 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
