{"id":10078,"date":"2009-03-12T00:00:00","date_gmt":"2009-03-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mbia-debt-guarantee-split-sparks-hedge-fund-lawsuit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/mbia-debt-guarantee-split-sparks-hedge-fund-lawsuit.html","title":{"rendered":"MBIA Debt-Guarantee Split Sparks Hedge Fund Lawsuit"},"content":{"rendered":"<p>Bloomberg &#8211; MBIA&rsquo;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. <\/p>\n<p>The reorganization, in which MBIA stripped $5.4 billion of assets and its U.S. municipal business from a unit that now mainly insures only structured-finance bonds, &ldquo;represents the height of insidious greed,&rdquo; the Aurelius Capital Management and Fir Tree Partners funds said in a lawsuit filed today. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601203&#038;sid=aRrWJ_kJqZUo&#038;refer=insurance\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; MBIA&rsquo;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4439,8873,64,8876,3004,1913,314,8872,5791,261,8877,6259,8875,5545,8878,722,8874],"class_list":["post-10078","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets","tag-aurelius-capital","tag-bloomberg","tag-bond-insurance","tag-bonds","tag-capital-management","tag-finance","tag-fir-tree-partners","tag-greed","tag-insurance","tag-insurance-business","tag-mbia","tag-municipal-business","tag-partners-funds","tag-policyholders","tag-reorganization","tag-stock-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10078"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10078\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}