Tag Archives: mbia


MBIA Debt-Guarantee Split Sparks Hedge Fund Lawsuit

March 12, 2009 : Permalink

Bloomberg – MBIA’s split of its bond- insurance business was challenged by hedge funds alleging the move hurts owners of about $240 billion of debt while benefiting stock investors, executives and some policyholders. The reorganization, in which MBIA stripped $5.4 […]

Ellington Sues Ameriquest Over Bad Subprime Mortgages

January 23, 2009 : Permalink

Bloomberg – Ellington Management Group LLC, the hedge-fund firm focused on mortgage bonds, sued Ameriquest Mortgage Co. and other ACC Capital Holdings units over soured subprime home loans. Funds run by Old Greenwich, Connecticut-based Ellington saw the value of $354 […]