Merrill Lynch Files Suit Against Security Capital’s XL

March 19, 2008

Merrill Lynch & Co In said Wednesday that it filed a lawsuit against XL Capital Assurance Inc.

Merrill said it filed the suit to make clear that XL Capital Assurance, a unit of Security Capital Assurance Ltd , is required to meet its contractual obligations for credit default swaps.

The brokerage is seeking a court order that each of the credit default swaps remains in full force and effect.

(Reporting by Chris Reiter, editing by Gerald E. McCormick/Andre Grenon)

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