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Litigation involving MBIA has been keeping investors on edge for four years now, as the bond insurer wages war with the banks whose financial products it insured in the run-up to the economic crisis. It's also generated some wrenching reversals of fortune for the lead lawyers battling over MBIA's 2009 restructuring, which the banks say allowed the company to shirk its obligations to structured finance policyholders.
March 04, 2013 at 07:48 AM
1 minute read
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