Morgan Stanley settles with MBIA, sets $1.8 billion charge (Reuters)

13Dec/110

Morgan Stanley settles with MBIA, sets $1.8 billion charge (Reuters)

Reuters - Morgan Stanley agreed to give up insurance claims against MBIA Inc in exchange for a $1.1 billion payment from the ailing insurer, ending a two-year legal fight over guarantees on mortgage bonds.

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Tagged as: 1 Billion, Guarantees, Insurance, Insurance Claims, Insurer, Legal Fight, Mbia, Mbia Inc, Morgan Stanley, Mortgage Bonds, Reuters Leave a comment

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Morgan Stanley settles with MBIA, sets $1.8 billion charge (Reuters)

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