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Lloyd's Attempts To Shoot Down MBIA Coverage Suit In NY

By Bibeka Shrestha ( April 28, 2014, 7:25 PM EDT) -- Certain underwriters at Lloyd's of London and two insurers told a New York federal court that they need not pay MBIA Inc.'s defense costs because there has been no closure on claims that MBIA made misrepresentations, manipulated the municipal derivatives market and improperly restructured its business, according to a motion posted Saturday....

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