In This Issue:
- Three Landmark Decisions for Insurers and RMBS Investors
- Shedding Light on a Bankruptcy Safe Harbor: Defining the Reach of Section 546(e)
- Practice Area Updates:
..Vermont Supreme Court Victory for Entergy and Other Victories
- Excerpt from Three Landmark Decisions for Insurers and RMBS Investors -
Quinn Emanuel recently secured landmark rulings for its client MBIA Insurance Corporation (“MBIA”) in three major decisions in MBIA’s long-running lawsuit against Countrywide Home Loans, Inc. (“Countrywide”), various Countrywide affiliates, and Bank of America Corporation (“BAC”) (on a successor liability theory). Each of these rulings played a critical role in securing a favorable settlement of the lawsuit for MBIA. Collectively, they have significantly re-shaped the legal landscape for RMBS claims in a way that fundamentally alters how these claims will be litigated going forward and that will likely prove highly advantageous to RMBS insurers and investors, and to non-RMBS insurers as well.
Please see full issue below for more information.
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Topics: Bank of America, Commercial Bankruptcy, Countrywide, Insurers, Investors, MBIA Insurance, Patents, RMBS, Safe Harbors, Section 546(e)
Published In: Bankruptcy Updates, Civil Procedure Updates, Insurance Updates, Intellectual Property Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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