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FraudNews
06-28-2011, 03:56 PM
Court Revives Fraud Claim in MBIA Breakup (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGByoHfOhOOAvFYIUoIvGD5nV99Sg&url=http://www.law.com/jsp/nylj/PubArticleNY.jsp?id%3D1202498730227%26Court_Revive s_Fraud_Claim_in_MBIA_Breakup)
New York Law Journal
A $5 billion fraud suit against bond insurer MBIA over its 2009 breakup is not preempted by New York's insurance law and can go forward, the Court of Appeals ruled today in a 5 to 2 decision in ABN AMRO Bank, NV / Barclays Bank PLC v. MBIA Inc., 124. ...

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