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Rescission Breach of Contract Countrywide

Orrick - Finance 20/20

New York Appellate Court Rejects MBIA’s Pursuit of Rescissory Damages

Orrick - Finance 20/20 on

On April 2, New York’s First Department appellate court ruled that MBIA Insurance Corporation may not obtain rescissory damages in its breach of contract action against Countrywide because MBIA had freely given up its right...more

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