AMBAC ASSURANCE CORPORATION Plaintiffs-Appellants-res, v. COUNTRYWIDE HOME LOANS, INC. Defendants-res-ap, BANK OF AMERICA CORP., def

3145-3145A. AMBAC ASSURANCE CORPORATION Plaintiffs-Appellants-res, v. COUNTRYWIDE HOME LOANS, INC. Defendants-res-ap, BANK OF AMERICA CORP., def — The Association of Financial Guaranty Insurers and the Securities Industry and Financial Markets Association, Amici Curiae. Patterson Belknap Webb & Tyler LLP, New York (Peter W. Tomlinson and Harry Sandick of counsel), for appellants-res — Simpson Thacher & Bartlett LLP, New York (Joseph M. McLaughlin and Shannon K. McGovern of counsel), for respondents-ap — Orrick, Herrington & Sutcliffe LLP, New York (Richard A. Jacobsen of counsel), for the Securities Industry and Financial Markets Association, amicus curiae. Axinn Veltorp & Harkrider LLP, New York (Donald W. Hawthorne of counsel), for the Association of Financial Guaranty Insurers, amicus curiae.—Orders, Supreme Court, New York County (Eileen Bransten, J.), entered on or about October 27, 2015, modified, on the law, to the extent indicated herein, and otherwise affirmed, without costs.

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3145-3145A. AMBAC ASSURANCE CORPORATION Plaintiffs-Appellants-res, v. COUNTRYWIDE HOME LOANS, INC. Defendants-res-ap, BANK OF AMERICA CORP., def — The Association of Financial Guaranty Insurers and the Securities Industry and Financial Markets Association, Amici Curiae. Patterson Belknap Webb & Tyler LLP, New York (Peter W. Tomlinson and Harry Sandick of counsel), for appellants-res — Simpson Thacher & Bartlett LLP, New York (Joseph M. McLaughlin and Shannon K. McGovern of counsel), for respondents-ap — Orrick, Herrington & Sutcliffe LLP, New York (Richard A. Jacobsen of counsel), for the Securities Industry and Financial Markets Association, amicus curiae. Axinn Veltorp & Harkrider LLP, New York (Donald W. Hawthorne of counsel), for the Association of Financial Guaranty Insurers, amicus curiae.—Orders, Supreme Court, New York County (Eileen Bransten, J.), entered on or about October 27, 2015, modified, on the law, to the extent indicated herein, and otherwise affirmed, without costs.

Opinion by Richter, J.P. All concur.

AMBAC ASSURANCE CORPORATION Plaintiffs-Appellants-res, v. COUNTRYWIDE HOME LOANS, INC. Defendants-res-ap, BANK OF AMERICA CORP., def

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