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Bank of America spokesman Lawrence Grayson said in a statement to Bloomberg. “The discovery process remains fully available to MBIA, including through the numerous current and former executives that MBIA will be deposing.” The contentious MBIA suit is...
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MBIA shares fell 4 cents to $11.64. The cases is MBIA Insurance Corp v. Countrywide Home Loans Inc et al, New York State Supreme Court, New York County, No. 602825/2008.
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There have been absolutely no discussions regarding a settlement between the bank policyholder group and MBIA
SOURCE: Reuters -
Countrywide appears determined to withhold this evidence from MBIA despite its clear relevance to several of MBIA's claims." The request came after Countrywide produced what MBIA called an "incomplete" set of loan records backing MBIA-insured...
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The proposed order to show cause asks Bransten to order MBIA to explain why a protective order against the deposition shouldn’t be issued. The motion for the protective order wasn’t immediately available in court records. MBIA, which sued Countrywide...
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The proposed order to show cause asks Bransten to order MBIA to explain why a protective order against the deposition shouldn’t be issued. The motion for the protective order wasn’t immediately available in court records. MBIA, which sued Countrywide...
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MBIA wants the discovery to prepare for a final round of summary judgment motions, which are due in April. As you surely recall, Bransten issued rulings in January that paved the way for MBIA to recover on its insurance-law fraud and breach-of-contract...
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[4] Judge Bransten also ruled the insurer can seek damages against Bank of America if it can prove it there were misrepresentations by the bank and that MBIA would not have written the insurance if the misrepresentations had not been made. Bank of...
About MBIA, Inc.
Wikipedia
MBIA, Inc. (NYSE: MBI) is a financial services company, a member of the S&P 500 index. It was founded in 1973 and headquartered in Armonk, New York and has approximately 400 employees. MBIA is the largest bond insurer. Full Article
