NEW YORK (Reuters) – The judge in a case over the restructuring of bond insurer MBIA said her decision was “getting there,” but gave no further indication on when she would rule.
“Trust me, I dream about your decision,” Justice Barbara Kapnick told the lawyers in the case, who were in her courtroom for a related proceeding on Thursday. “It's taken longer than I would have liked.”
Kapnick, of New York State Supreme Court, heard arguments in May and June over whether the New York insurance department was right to approve MBIA's split into two units.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
