Judge Orders MBIA's CFO, CEO Deposed In Aurelius Suit

Law360, New York (March 13, 2012, 4:32 PM EDT) -- A New York federal judge on Tuesday ordered MBIA Inc. to produce its CFO and CEO for deposition in Aurelius Capital Master Ltd.'s suit claiming the bond insurer fraudulently pulled $5.4 billion out of its insurance unit before its 2009 restructuring, assuring the depositions will not interfere with MBIA's preparation for a separate trial.

U.S. District Judge Richard J. Sullivan declined to grant a request MBIA had made in a March 2 letter for a moratorium on depositions until the end of the trial in a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.