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MBIA Wins Defense From Lloyd's For Restructuring Claims

By Bibeka Shrestha ( July 17, 2014, 6:04 PM EDT) -- A New York federal judge on Wednesday awarded MBIA Inc. insurance coverage from certain underwriters at Lloyd's of London and from Lexington Insurance Co. for its steep defense costs in litigation that challenged the financial guarantee insurer's restructuring, while tossing one of MBIA's breach of contract claims as premature....

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