Paribas Can't Shield MBIA Emails In BoNY Trust Payout Suit

Law360, New York (June 5, 2013, 4:35 PM EDT) -- A New York judge ruled on Wednesday that BNP Paribas cannot withhold email correspondence with MBIA Insurance Corp. that is relevant to a letter at the heart of its suit against the Bank of New York Trust Co. NA over the disbursement of payments from a $25 million mortgage pool investment.

U.S. Magistrate Judge Henry Pitman told Paribas to turn over the bulk of emails between it and MBIA, which he says are relevant to the origins of a letter MBIA sent to Bank of New...
To view the full article, register now.