Sun, May 19, 2013, 3:31 PM EDT - U.S. Markets closed
Will go up tomorrow.
It should go up since this case has now established a precedent for all its future lawsuits. I bet we will see some settlements as this case will bring them back to the negoiating table.
Sentiment: Strong Buy
Not a settlement, it's a judgement. I guess if they can collect on this, the $$ could be used to capitalize the new muni bond insurer or for share buybacks.
Let's see if any of the rating agencies have a comment on this development, without putting more egg on their faces.