Syncora Holdings Ltd. Reports Dismissal of Class Action Lawsuit

^{Published on 2011-11-09 05:47:20 - Market Wire}
 

Syncora Holdings Ltd. Reports Dismissal of Class Action Lawsuit -- NEW YORK, Nov. 9, 2011 /PRNewswire/ --

NEW YORK, Nov. 9, 2011 /PRNewswire/ -- Syncora Holdings Ltd. ("Company") today reported that the securities putative class action against Security Capital Assurance Ltd. (as the Company was known at the time the class action was initiated) and several former officers of the Company is now closed. The Company's motion for dismissal was successful and the action was dismissed in its entirety, without the possibility of amended pleadings, on September 23, 2011. The ruling will not be appealed and the United States District Court for the Southern District of New York has ordered the case closed.

About Syncora Holdings Ltd.

Syncora Holdings Ltd. (OTC: SYCRF) is a Bermuda-domiciled holding company. For more information, please visit [ www.syncora.com ].

Investor & Media Contact:
Michael Corbally
1 212 478 3400
[ michael.corbally@scafg.com ]

SOURCE Syncora Holdings Ltd.

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