Ambac Assurance Corporation et al., Respondents,
v.
Countrywide Home Loans Inc. et al., Appellants.
Appellate Division of the Supreme Court of New York, First Department.https://leagle.com/images/logo.png
Decided September 17, 2019.
Decided September 17, 2019.
Attorney(s) appearing for the Case
Williams & Connolly LLP, Washington, DC ( Craig D. Singer of the bar of the District of Columbia, admitted pro hac vice, of counsel), and Simpson Thacher & Bartlett LLP, New York ( Joseph M. McLaughlin of counsel), for Countrywide Home Loans Inc., Country Wide Securities Corp., and Country Wide Financial Corp., appellants.
O'Melveny & Myers, LLP, New York ( Jonathan Rosenberg of counsel), for Bank of America, appellant.
Quinn Emanuel Urquhart & Sullivan, LLP, New York ( Kathleen M. Sullivan of counsel), for respondents.
Concur—Sweeny, J.P., Richter, Oing, Singh, JJ.
Appellate Division of the Supreme Court of New York, First Department.
The court correctly denied the Countrywide defendants' motion seeking dismissal of the fraudulent inducement claim.
As relevant here, Ambac, the monoline insurer, asserts causes of action against the Countrywide defendants for: (a) breaching various representations and warranties about their loan-origination practices and the quality of the loans in the securitizations; and...
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