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...
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