Relevant:
- BofA, UBS Ask New York's Highest Court to Reinstate MBIA Fraud Lawsuit
- Credit Agricole Withdraws From MBIA Restructuring Lawsuits
- BofA's Countrywide Asks Appeals Court to Undo MBIA Ruling
- MBIA Cleared to Pursue Fraud Case Against BofA's Countrywide
- Monoline Downgrade Fallout: Muni Prices, MBIA Collateral
2012-05-14 — bloomberg.com
Bank of America Corp. and Societe Generale SA (GLE) go to court today seeking to overturn New York's approval of MBIA Inc. (MBI)'s restructuring in 2009, alleging the bond insurer misled the regulator.
New York State Supreme Court Justice Barbara Kapnick is scheduled to begin a nonjury trial in Manhattan on the banks' claims that the approval of MBIA's proposal by then Insurance Superintendent Eric Dinallo was based on misleading information and violated insurance law.
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