Radian Scales Back Policy Rescission Fight

Law360, New York (January 20, 2010, 2:53 PM EST) -- In an action seeking to void or rescind insurance policies issued on mortgage-backed securities, Radian Insurance Inc. has settled its entire suit against bond insurer MBIA Inc. and certain claims against Deutsche Bank National Trust Co.

Judge Michael M. Baylson of the U.S. District Court for the Eastern District of Pennsylvania approved the dismissal with prejudice of the declaratory judgment suit on Tuesday.

While Radian agreed to dismiss the suit against MBIA completely, its settlement with Deutsche Bank included only claims related to the policies at...
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