Description: Merrill Lynch & Co. units now owned by Bank of America Corp. won dismissal of claims in a lawsuit filed by MBIA Inc. last year over protection sold against mortgage-debt defaults.
Questions for discussion:
- What is the significance of the judgeâ€™s decision in this case?
- What are the broader implications for financial institutions?
- What does this article suggest to you about the use of the courts as a means to enforce regulated practices?
- How might financial managers be expected to react to these legal procedures and outcomes?