City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140185
Name:
Settlement of Lawsuit - Syncora Guarantee, Inc.,
formerly XL Capital Assurance, Inc. - City to Receive
$180,000
Status:
Type:
Ordinance
Passed
File created:
In control:
3/11/2014
Clerk of the Board
On agenda:
Final action:
3/11/2014
4/24/2014
Enactment date:
050-14
Enactment #:
Title:
Ordinance authorizing a settlement of the lawsuit filed by the City and County of San Francisco
against Syncora Guarantee, Inc. (formerly known as XL Capital Assurance, Inc.) for $180,000; the
lawsuit was filed on October 8, 2008, in San Francisco Superior Court, Case No. CGC-08-480708;
entitled City and County of San Francisco v. AMBAC Financial Group Inc., et al.; this partial settlement
applies only to claims against Syncora Guarantee; other material terms of the settlement are that
Syncora will waive its claim for attorneys fees and costs and cooperate in future discovery.
Sponsors:
Attachments:
1. Leg Ver1, 2. Comm Pkt 040314, 3. Board_Pkt_041514, 4. Board_Pkt_042214, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
2/28/2014
1
RECEIVED AND ASSIGNED
President
3/11/2014
1
RECOMMENDED..
Rules Committee
4/3/2014
1
Pass
PASSED, ON FIRST READING
Board of Supervisors
4/15/2014
1
Pass
FINALLY PASSED
Board of Supervisors
4/22/2014
1
Pass
APPROVED
Mayor
4/24/2014
1