Marc Kasowitz


Marc Kasowitz News

  • MBIA Escapes Distressed Label in BofA Accord: Corporate Finance

    MBIA Inc. is no longer considered by credit-derivatives traders to be in distress after Bank of America Corp. agreed to a legal settlement that injects $1.6 billion of cash into the bond insurer and resolves five years of litigation stemming from the U.S. housing crisis.

  • MBIA-BofA, Credit Suisse, Bayer, Microsoft in Court News

    MBIA Inc. hid potential losses of as much as $950 million on commercial real estate debt as it sought New York regulators’ approval to restructure its insurance business in 2008, banks including Bank of America Corp. and UBS AG claimed in court papers.

  • Shearman, Dewey, Allen & Overy, Drinker: Business of Law

    Dow Chemical Co., the largest U.S. chemical maker by sales, said an arbitration panel ruled Kuwait must pay $2.16 billion in damages because it canceled a 2008 agreement to buy a stake in the company’s plastics business.

  • Goldman Sachs Opposes ACA Bid to Add Paulson to CDO Case

    Goldman Sachs Group Inc. accused ACA Financial Guaranty Corp. of withholding thousands of audio recordings the investment bank wants in its fight against a lawsuit over a collateralized debt obligation called Abacus.

  • UBS, Bank of America Appeal Dismissal of MBIA Suit

    UBS AG , Bank of America Corp. and more than a dozen other banks appealed to New York’s highest court to reverse a lower court ruling that threw out their lawsuit against MBIA Inc. that challenged its restructuring.

  • MBIA Hid Potential Losses From New York Insurance Regulator, Banks Allege

    MBIA Inc. hid potential losses of as much as $950 million on commercial real estate debt as it sought New York regulators’ approval to restructure its insurance business in 2008, banks including Bank of America Corp. and UBS AG claimed in court papers.

  • BofA, Galleon, Deutsche Telekom, British American, Massey in Court News

    New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.

  • Fairfield, Dreier, UBS, Fortis, Madoff in Court News

    Fairfield Greenwich Group, the hedge fund that steered $7 billion to Bernard Madoff, faces new claims of fraud by investors who previously alleged negligence against co-founders Walter Noel, Jeffrey Tucker and Andres Piedrahita.

  • Dewey, Skadden, Jones Day, Fried Frank: Business of Law

    The plan to save part of Dewey & LeBoeuf LLP’s business through a merger was dealt “a body blow” when the Manhattan District Attorney said he was probing possible wrongdoing at the firm, lawyer Al Togut told U.S. Bankruptcy Judge Martin Glenn at a court hearing.

  • Linklaters, Dewey, Sullivan, Akin Gump: Business of Law

    Allens Arthur Robinson, a 190-year- old Australian law firm, and Linklaters LLP, a London-based firm with 2,200 lawyers, agreed on an alliance to compete internationally with local firms that have grown after combining with foreign ones.

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