MBIA Restructuring Approval Protects Policyholders, Lawyer Says
Stock Chart for MBIA Inc (MBI)
MBIA Inc. (MBI)’s 2009 restructuring was approved by New York regulators because it protected all policyholders, lawyers for the bond insurer said.
Banks suing MBIA can’t prove the approval was “arbitrary and capricious,” the lawyers said at a trial in New York.
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