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A New York trial court recently granted partial summary judgment in favor of MBIA Insurance Corporation (“MBIA”) on fraud and breach of warranty claims it had brought against Countrywide Home Loans, Inc. and various affiliates (collectively, “Countrywide”) concerning certain financial guaranty insurance policies that MBIA had issued in connection with residential mortgage-backed securitizations originated by Countrywide
A recent decision by a New York federal district court upheld federal court jurisdiction under the Edge Act, 12 U.S.C. 632 (the “Edge Act”), in a lawsuit brought by American International Group, Inc. (“AIG”) and several other insurers against Bank of America, Merrill Lynch and Countrywide Affiliates
