MBIA has had strokes of luck lately, with the most recent positive developments coming from lawsuits filed against the company.

In the past several weeks, two banks holding MBIA policies dropped a lawsuit against the insurer that claimed the $5 billion restructuring of MBIA Insurance Corp. into two entities was fraudulent. The split resulted in one entity that insures municipal bond policies — National Public Finance Guarantee Corp. — and left MBIA Insurance holding riskier policies, such as MBS.

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