We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

MBIA Seeks KO In Contract Suit Over $1B CDO Deal

Law360 (March 7, 2011, 8:08 PM EST) -- Bond insurer MBIA Inc. asked a New York federal judge Monday to rule that Dutch bank Cooperatieve Centrale Raiffeisen-Boerenleenbank BA violated an agreement by selling a chunk of securities underlying a $1 billion collateralized debt obligation.

Howard R. Hawkins Jr. of Cadwalader Wickersham & Taft LLP, an attorney for MBIA and affiliate LaCrosse Financial Products LLC, argued before Judge Richard R. Sullivan in the U.S. District Court for the Southern District of New York for summary judgment on breach of contract and other claims, contending that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.