The New York State appeals court has ruled that the New York Insurance Department (NYID)must hand over e-mails and documents regarding the restructuring of bond insurer MBIA Insurance Corp.

Associate Justice Leland DeGrasse wrote in a decision announced Tuesday that the department could not appeal a New York State Supreme Court order to produce the e-mails as potential evidence in a lawsuit brought by a group of MBIA policyholders.

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