Banks Claim Right To Seek $5B From MBIA
By Evan Weinberger ( May 16, 2011, 2:40 PM EDT) -- Major banks on Friday said New York's highest court should revive their suit over $5 billion that was part of MBIA Inc.'s 2009 restructuring because they never had a chance to oppose state regulators' approval of the bond insurer's restructuring plan....
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