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Patriarch Broke CDO Deal, MBIA Says As Trial Starts

By Richard Vanderford · October 15, 2012, 8:23 PM EDT

MBIA Insurance Corp. said Monday that an affiliate of private equity firm Patriarch Partners LLC owes it more than $84 million for failure to honor a complicated collateralized debt obligation deal,...

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Case Information

Case Title

MBIA Insurance Corporation v. Patriarch Partners VIII, LLC et al

Case Number

1:09-cv-03255

Court

New York Southern

Nature of Suit

Contract: Other

Date Filed

April 03, 2009

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