BofA Atty Says MBIA 'Harassing' CEO In Deposition Push

Law360, New York (March 9, 2012, 2:04 PM EST) -- MBIA Inc. is harassing Bank of America Corp. CEO Brian Moynihan by pushing to depose him in the monoline insurer's multibillion-dollar case over mortgage-backed securities it insured, the bank's attorney told a New York state judge during a hearing Friday.

"This effort to depose Brian Moynihan is for harassment purposes; it's clearly disruptive to Bank of America's business," Jonathan Rosenberg of O'Melveny & Myers LLP, who represents Bank of America, said during a hearing Friday in downtown Manhattan.

MBIA and other monoline insurers have accused Countrywide...
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