April 12, 2012
A hedge fund has settled a class action that accused bond insurer MBIA Inc. of fraud against its policyholders for moving more than $5 billion out of its insurance unit before a 2009 restructuring, the fund's attorney said Thursday.
March 13, 2012
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.
March 09, 2012
New York's insurance regulator shouldn't have to give several banks more of its internal communications related to the $5 billion restructuring of bond insurer MBIA Inc., a state attorney told a pair of federal and state judges during a rare joint hearing Friday.
January 04, 2012
MBIA Inc., the financial services company battling claims that it looted one of its insurance units in 2009 to avoid paying policyholder claims for toxic assets, last month accused class action plaintiff Aurelius Capital Partners LP of making defamatory statements in the press about the unit's solvency.