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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.