Bank of America sues MBIA, claiming tender offer interference

Fri Dec 14, 2012 9:08am EST

Dec 14 (Reuters) - Bank of America Corp has sued bond insurer MBIA Inc in a New York state court for allegedly interfering with a tender offer to buy MBIA's bonds.

On Thursday Bank of America said it had purchased around 40 percent of a senior note in that tender and issued a default notice over an attempt to change the debt's terms.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article