MBIA, Inc. (MBI) Wins Ruling vs. BofA (BAC) Over 2009 Restructuring

March 4, 2013 1:02 PM EST
MBIA, Inc. (NYSE: MBI) shares are rocking today following headlines that the company defeated a Bank of America (NYSE: BAC) lawsuit over the 2009 restructuring of the company.

According to headlines, a New York state judge denied a petition to overturn restructuring, but that ruling doesn't affect claims in a parallel suit.

MBIA shares were halted for volatility, but the stock is up over 18 percent.

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