The judges of the New York Court of Appeals yesterday peppered both sides in the $5 billion fight between bond insurer MBIA and a group of policyholder banks over MBIA's 2009 breakup with tough questions at an oral argument as they grappled with the scope of the state's Insurance Law.
June 01, 2011 at 12:00 AM
1 minute read
The original version of this story was published on New York Law Journal
Editors’ Note: This article has been updated to reflect a Correction.
ALBANY – The judges of the New York Court of Appeals yesterday peppered both sides in the $5 billion fight between bond insurer MBIA and a group of policyholder banks over MBIA’s 2009 breakup with tough questions at an oral argument as they grappled with the scope of the state’s Insurance Law.
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