MBIA has filed a lawsuit against CDC IXIS Financial Guaranty, alleging that intellectual property and proprietary information were taken when CIFG poached four senior staffers from MBIA in April and May.

Both firms declined to comment. Further details on the complaint were unavailable as of press time.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.