June 05, 2013
A New York judge ruled on Wednesday that BNP Paribas cannot withhold email correspondence with MBIA Insurance Corp. that is relevant to a letter at the heart of its suit against the Bank of New York Trust Co. NA over the disbursement of payments from a $25 million mortgage pool investment.
March 29, 2012
BNP Paribas can proceed with a contract claim against Bank of New York Trust Co. over allegations the trust didn't properly disburse insurance proceeds from lost loan principal tied to a $25 million mortgage pool investment, a New York federal judge ruled Wednesday.