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Bank of America Corp And Societe Generale SA Appeal Dismissal of Challenge To MBIA Inc's Restructuring-DJ


Friday, 29 Mar 2013 08:12am EDT 

Dow Jones reported that Bank of America Corp and Societe Generale SA Thursday appealed a New York Supreme Court judge's dismissal of their challenge of MBIA Inc's restructuring, Bloomberg News reported on Friday. Justice Barbara Kapnick erred in her decision earlier this month to dismiss their challenge of the bond insurer's 2009 restructuring, the banks said, calling it 'arbitrary and capricious and an abuse of discretion'. 

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24 Dec 2014