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Best's Insurance News & Analysis subscription required - August 13, 2019 12:53 PM

MBIA Sues Banks in Dispute over $11 Billion in Defaulted Puerto Rico Bonds

MBIA Insurance Corp. has sued nine financial institutions over their alleged failure to disclose “massive risks” when they underwrote $11 billion in public development and infrastructure bonds . . .

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Related News: LITIGATION, MUNICIPAL BOND INSURANCE, PUERTO RICO


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