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CIFG Gets Fraud Claims Restored In $275M Goldman Suit

By Pete Brush ( May 7, 2013, 4:00 PM EDT) -- A New York state appeals court on Tuesday revived CIFG Assurance North America Inc.'s claims that Goldman Sachs & Co. and M&T Bank Corp. duped it into backing up a $275 million portfolio of bad home mortgages, reversing a trial court's finding that the bond insurer's due diligence precluded a fraudulent inducement claim....

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