MBIA (MBI) up 14% in resumed trade after its sudden spike (to a two-year-plus high) tripped...

|About: MBIA Inc. (MBI)|By:, SA News Editor

MBIA (MBI) up 14% in resumed trade after its sudden spike (to a two-year-plus high) tripped market circuit breakers a short while ago. A New York court dismissed challenges that claimed the insurer's split in 2009 left it undercapitalized and possibly unable to pay future claims. It's one of two suits banks filed; the other is yet unresolved.