MBIA (MBI +6.5%) shares shoot higher after UBS, Aurelius Capital and Fir Tree settle lawsuits...


MBIA (MBI +6.5%) shares shoot higher after UBS, Aurelius Capital and Fir Tree settle lawsuits against the company and MKM Partners surmises that Bank of America, Societe Generale and Natixis may reach deals with MBIA as soon as next Friday. The plaintiffs allege the 2009 split of MBIA’s bond insurance business hurt owners of $240B of debt while benefiting stock investors.
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