Plaintiff Syncora Guarantee Inc. issued unconditional and irrevocable financial guaranty insurance policies, guaranteeing the payment of principal and interest on $500 million in bonds, which are backed by income from certain toll bridges and a toll tunnel. Syncora asserts causes of action for fraud and negligent representation against Macquarie, which acted as a financial advisory services provider in connection with the transaction. Syncora alleges that Macquarie knowingly...
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