MBIA v. Countrywide
Published on:
November 13, 2012
SIFMA submitted an Amicus “Friend of the Court” Brief.
Court:
New York State Supreme Court,
Appellate Division,
First Department
Amicus Issues:
Whether, to establish a claim of fraudulent inducement to insure risky mortgage-backed securities (MBS), an insurer must establish a direct causal link between the alleged misrepresentations made by the counterparty and the specific claims made under the insurance policy.
Counsel of Record:
Orrick, Herrington & Sutcliffe LLP
John Ansbro
Richard A. Jacobsen
Daniel W. Robertson
Barry S. Levin
Other Amici:
None.