SYNCORA HOLDINGS: Suit v. Ala. County Over Sewer System Ongoing

Syncora Holdings Ltd.’s subsidiary, Syncora Guarantee Inc., and other parties, on or around Sept. 16, 2008, filed a lawsuit against Jefferson County, Ala., and its current commissioners over the County’s sewer system.

Syncora Guarantee, together with the trustee under the indenture…

SYNCORA HOLDINGS: Derivative Actions Still Ongoing in California

Derivative actions involving Sycora Holdings Ltd. and certain of its subsidiaries are ongoing in various California state courts.

In July through October 2008, five lawsuits, City of Los Angeles v. Bank of America, N.A. et al, City of Stockton v. Bank…

SYNCORA HOLDINGS: Consolidated Derivative Case Filed on Aug. 22

Syncora Holdings Ltd. says that a consolidated derivative complaint, which did not include the Company as a defendant, was filed on Aug. 22, 2008.

In July through October 2008, five lawsuits, Hinds County, Mississippi v. Wachovia Bank N.A. et al., Fairfax…

SYNCORA HOLDINGS: Facing Calif. Antitrust Laws Claims Suits

Syncora Holdings Ltd. continues to face lawsuits filed in the state courts in California over violations of California state antitrust laws and state common laws.

in July 2008, two lawsuits, City of Los Angeles v. Bank of America, N.A. et…

SYNCORA HOLDINGS: CDS Contract Termination Suit Ended on Aug. 8

Syncora Holdings Ltd., on Aug. 8, 2008, along with Merrill Lynch and Merrill Lynch International, filed a joint stipulation dismissing the complaint and counterclaims in the litigation on the Company’s terminations of seven credit default swap contracts.

On March 19,…