MBIA, Investors Want BofA Docs Made Public

Law360, New York (August 16, 2012, 6:19 PM EDT) -- Investors challenging Bank of America Corp.'s proposed $8.5 billion mortgage-backed securities settlement have joined MBIA Inc. in urging a New York state judge to lift confidentiality restrictions on bank documents, but the settlement's supporters said Thursday that the request circumvents another court.

The dispute concerns two interrelated lawsuits in New York Supreme Court in New York County. In a case before Judge Eileen Bransten, MBIA has accused Bank of America of making its Countrywide Financial Corp. mortgage-backed securities look more creditworthy than they were to induce...
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