Attorneys for bond insurer MBIA, its policyholders and the New York State Department of Financial Services clashed in an unusual joint hearing before a state judge and a federal judge on March 9, at one point veering from the main issue, a discovery dispute, to the possibility of insider trading by MBIA CEO Jay Brown.

The often-heated hearing combined two separate cases, which have been consolidated for discovery.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]