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Court Revives Fraud Claim Against M&T Bank

The fraud case brought in 2011 by CIFG Assurance North America against Goldman Sachs took a dramatic turn today when the New York State Supreme Court’s Appellate Division, First Department, reversed a 2012 ruling by a Manhattan trial judge.

According to this Reuters story:

“The ruling also revived fraud claims against M&T Bank Corp, one of several originators that sold the loans to Goldman. An M&T Bank spokesman did not immediately respond to a request for comment.”