NEW YORK (
lawsuit alleging that a
concealed risks in investing in subprime mortgage-backed securities has been reinstated by a New York appeals court.
The lawsuit was dismissed in January, according to
J.P. Morgan acted as investment manager for Assured Guaranty's special purpose vehicle called Orkney Re II p.l.c. The special purpose vehicle had $553 million of assets.
--Written by Maria Woehr in New York.
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