Assured Guaranty's Lawsuit Looms - TheStreet

NEW YORK (

TheStreet

) --

Assured Guaranty

's

(AGO) - Get Report

lawsuit alleging that a

JPMorgan Chase

(JPM) - Get Report

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

Bloomberg.

.

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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