NU Online News Service, May 4, 3:05 p.m. EDT

A group of banks contesting the split of bond-insurer MBIA into two companies won a round in court against the New York State Insurance Department over the release of e-mails related to the plan.

A state appeals court has ordered the insurance department to release to a judicial hearing officer all e-mails that were transmitted between then-Insurance Superintendent Eric Dinallo and several department employees relating to MBIA.

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