MBIA Strikes $350M Deal To End Societe Generale MBS Suit
By Kurt Orzeck ( May 8, 2013, 7:14 PM EDT) -- MBIA Insurance Corp. reached a $350 million settlement Wednesday ending Societe Generale SA's claims that it fraudulently restructured $5 billion of Societe Generale's cash and securities in an attempt to escape coverage obligations to big banks after the 2008 financial crisis....
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