Judge Orders BofA To Cough Up Liability Docs In MBIA Suit

Law360, New York (June 8, 2012, 8:50 PM EDT) -- A New York state judge on Thursday ordered Bank of America Corp. to turn over documents about its loss reserves to MBIA Inc., which alleges the bank duped it into insuring shoddy mortgage-backed securities, and threatened the bank with sanctions over alleged discovery delays.

Bank of America and MBIA have been battling over document production and witness deposition as the monoline insurer builds its case against the bank's Countrywide Financial Corp. units for allegedly making mortgage loans appear more creditworthy than they actually were in order...
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