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By Reuters |
May 23, 2012
Banks challenging bond insurer MBIA Inc's 2009 restructuring don't have to answer questions about whether they pushed state senators to start an investigation, a New York judge ruled on Tuesday.
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By Karen Freifeld, Reuters |
May 16, 2012
Bond insurer MBIA Inc's restructuring during the financial crisis must be annulled because it was based on bad information, a lawyer for banks challenging the restructuring said on Tuesday.
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By Reuters |
April 13, 2012
A New York judge has ruled that Bank of America CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.
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By Nick Brown, Reuters |
October 5, 2011
A federal judge has given Ambac Financial Group her approval to send its bankruptcy exit plan to creditors for a vote.
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By Associated Press |
July 13, 2011
MBIA Inc. has decided not to pursue a lawsuit against Bank of America Corp.'s Merrill Lynch unit.
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By Phil Gusman, PropertyCasualty360.com |
July 5, 2011
A decision by the New York State Court of Appeals allowing a group of banks to proceed with its lawsuit against MBIA’s 2009 restructuring of its insurance operations has mixed credit implications for the MBIA family of companies, Moody’s says.
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By Mark E. Ruquet, PropertyCasualty360.com |
June 30, 2011
The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.
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By Mark E. Ruquet, PropertyCasualty360.com |
June 29, 2011
The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 28, 2011
If bankers are able to upset the restructuring plan of MBIA that splits the company into two insurers, one MBIA entity would be helped, but it would probably harm the company as a whole, Moody’s Investors Service says.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 24, 2011
A group of banks seeking to prevent guaranty insurer MBIA from splitting into two companies says the company underestimated its losses by as much as $10 billion to the New York Insurance Department.
