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MBIA Renews $1B-Plus Ch. 11 Suit Against Tilton, Affiliates

By Jeff Montgomery ( September 27, 2021, 4:28 PM EDT) -- MBIA Insurance Corp. has renewed a Delaware bankruptcy court suit seeking more than $1 billion from distressed debt mogul Lynn Tilton and 13 affiliated businesses, alleging the systematic, multiyear looting of assets and funds that triggered massive MBIA noteholder payouts and left the insurer wrongfully blocked from recoveries....

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