Bond insurer MBIA is working with law firm Weil Gotshal & Manges as it seeks to avoid possible rehabilitation of its structured finance unit by a New York regulator, says a source familiar with the matter.
New York's attorney general is dropping a claim for damages in a high-profile civil lawsuit accusing former AIG CEO Maurice "Hank" Greenberg, of defrauding investors.
American International Group Inc. does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner's policy, a federal appeals court ruled on Wednesday.
