180068
Ordinance authorizing a settlement of the lawsuit filed by the City and County of San Francisco against MBIA Inc., its affiliates, MBIA Insurance Corp. and MBIA Insurance Corp. of Illinois, and its former employee, Jason Kissane, for $388,591; 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.; the lawsuit involves breach of contract, fraud and antitrust claims against bond insurance companies; this settlement applies to claims against the last remaining defendants in the case, the MBIA entities.
- Committee
- Clerk of the Board
- Requested by
- City Attorney
- Introduced
- January 23, 2018
- On agenda
- January 23, 2018
- Passed
- March 9, 2018
- Enacted
- March 9, 2018
- Enactment no.
- 044-18
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