MBIA Loses Bid For 'Key' Docs In Credit Suisse RMBS Suit
By Jeff Sistrunk
Law360, Los Angeles (July 21, 2014, 7:20 PM EDT) -- A New York judge on Friday denied MBIA Insurance Corp.'s bid to compel Credit Suisse Securities (USA) LLC to hand over "highly relevant" documents in a lawsuit claiming the bank lied about how it processed loans for mortgage-backed securities, saying MBIA has already received enough documents to litigate its case.
Judge Shirley Werner Kornreich denied MBIA's motion to compel Credit Suisse to produce further electronically stored information that it alleges was improperly withheld.
The judge said the premise behind MBIA's June 23 discovery motion — that...