ABN AMRO Bank, N.V. v. MBIA Inc.
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
ClPARICK, J.
In this dispute between MBIA Insurance Corporation (MBIA Insurance) and certain of its policyholders, the principal question presented is whether the 2009 restructuring of MBIA Insurance and its related subsidiaries and affiliates authorized by the Superintendent of the New York State Insurance Department (the Superintendent) precludes these policyholders from asserting claims against MBIA Insurance under the Debtor and Creditor Law and the common law. We hold that the Superintendent’s approval of such restructuring pursuant to his authority under the Insurance…
2Cases cited22 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- Phillips Petroleum Co. v. ShuttsSupreme Court of the United States · 1985
- Ryan v. New York Telephone Co.New York Court of Appeals · 1984
- Schwartz v. Public AdministratorNew York Court of Appeals · 1969
- Morris v. New York State Department of Taxation & FinanceNew York Court of Appeals · 1993
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