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3 Oct 2008, 8:21 am
MBIA Inc. announced yesterday that MBIA Insurance Corporation (“MBIA”), its financial guaranty insurance company subsidiary, had completed a reinsurance transaction with Financial Guaranty Insurance Company (“FGIC”) whereby MBIA will reinsure FGIC's risks that consist entirely of U.S. public finance bonds with total net par outstanding of about $166 billion. [read post]
7 May 2013, 2:06 pm by Editorial Board
On May 2, MBIA Insurance Corporation announced that it reached a settlement with Flagstar Bank in its lawsuit arising out of $1 billion in Flagstar-sponsored MBS that MBIA insured. [read post]
8 Apr 2013, 12:53 pm by Editorial Board
On April 2, New York’s First Department appellate court ruled that MBIA Insurance Corporation may not obtain rescissory damages in its breach of contract action against Countrywide because MBIA had freely given up its right to seek rescission in the contracts under which it sued. [read post]
11 Jan 2011, 10:00 am
[JURIST] The New York Court of Appeals [official website] on Tuesday dismissed [opinion] a lawsuit against bond insurance company MBIA [corporate website] alleging breach of contract brought by several of the world's largest financial institutions. [read post]
25 Jan 2011, 7:01 am
(“MBIA”) by more than a dozen major financial institutions concerning the bond insurer’s financial restructuring. [read post]
6 Jul 2011, 1:14 am by Kevin LaCroix
The insurers had argued that the SLC was “independent” of MBIA and therefore was not an insured person under the policy. [read post]
5 Feb 2012, 10:26 am
MBIA Insurance Corporation (MBIA) filed a motion in limine for the court to allow MBIA to use statistical sampling to be able to present evidence for fraud and breach of contract and also to prove damages against Countrywide Home Loans, Inc., Countrywide Securities Corp. and Countrywide Financial Corp. [read post]
22 Nov 2011, 10:03 pm by Dave Hoffman
s lone entrant, Ben Barros, won by default and by retrospective acclimation: “If the big bond insurers like MBIA and Ambac get downgraded because of the subprime mess, there could be a big ripple effect throughout the markets. [read post]
2 Nov 2011, 5:38 pm by Scott Godes
., and first appeared on his personal site, Corporate Insurance Blog. [read post]
11 Aug 2016, 4:57 pm by Kevin LaCroix
There are, however, numerous differences between the circumstances involved in the MBIA case and the MusclePharm case, including the fact that MBIA’s costs of voluntarily responding to the SEC followed after the SEC has issued a broad formal investigative order. [read post]
2 Jan 2008, 5:40 am
  In the SEC Filing, ACA explains that its subsidiary, ACA Financial Guaranty Corporation ("ACA FG") acts as a bond insurer with respect to various bonds, including mortgage backed securities. [read post]
30 Mar 2012, 3:48 pm
There was also the huge loss sustained by Morgan Stanley in the settlement it reached with bond insurance company MBIA. [read post]
20 Jun 2011, 1:17 am by Kevin LaCroix
 As a result, there is an increased burden on companies to examine their supply chain and external business relationships with third parties for potential risk of bribery and imputation of corporate liability under the Act. [read post]
6 Sep 2011, 1:56 am by Kevin LaCroix
Probably the most significant decision of the summer is the Second Circuit’s July 1, 2011 ruling in the MBIA case, in which the Court held that the company’s D&O insurance policies cover the investigative and special litigation committee expense the company incurred during a regulatory investigation of its accounting practices. [read post]
7 Aug 2008, 9:15 am
  The bond insurers named in the Complaint are Ambac Financial Group Inc., MBIA Inc., XL Capital Assurance Ltd., ACA Financial Guaranty Corp., Financial Guaranty Insurance Co., and CIFG Assurance NA.According to the Complaint, a copy of which is available here, those bond insurers colluded with ratings agencies so that the ratings agencies would maintain two separate credit rating schemes:  one for corporate issuers and one for public… [read post]