Banks Seek To Overturn MBIA Restructuring

Bank of America and Société Générale have asked a New York state Supreme Court justice to overturn the restructuring of bond insurer MBIA, claiming that approval of the plan by Eric Dinallo, then insurance superintendent of New York, was based on misleading information and violated insurance law.

  • 14 May 2012

Bank of America and Société Générale have asked a New York state Supreme Court justice to overturn the restructuring of bond insurer MBIA, claiming that approval of the plan by Eric Dinallo, then insurance superintendent of New York, was based on misleading information and violated insurance law.

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