FGIC sees net loss narrow to $61,175 in July; revenues still at zero

By Caroline Salls

Pittsburgh, Aug. 13 - FGIC Corp. reported a net loss of $61,175 for July on zero revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, FGIC posted a $365,519 net loss for June, also on zero revenues.

The company had $8.89 million in unrestricted cash and cash equivalents at July 31, down from $8.99 million at the end of June.

FGIC is a New York-based privately held insurance company. It filed for bankruptcy on Aug. 3, 2010. The Chapter 11 case number is 10-14215.

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