Patriarch Says MBIA Can't See Loan Docs

Law360, New York (October 17, 2011, 3:01 PM EDT) -- A unit of private equity firm Patriarch Partners LLC sued MBIA Insurance Corp. in New York on Thursday over MBIA's allegedly overbroad request for information about a collateralized loan obligation vehicle, the latest volley in years of crossfire between the parties.

Patriarch Partners XIV LLC is asking a state court to declare it is not contractually obligated to give MBIA anything more than the financial information it already has about investment vehicle Zohar II. MBIA has insured certain Zohar II investors for the repayment of their...
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