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MBIA Inc. Surged Higher Following Court Ruling
Court Watch News | 2011/01/12 05:00
pMBIA Inc. announced Tuesday afternoon that the Appellate Division of the New York State Supreme Court reversed an earlier decision by a lower court and granted MBIA's motion to dismiss the plenary lawsuit brought by a group of banks challenging the Company's transformation./ppMBIA Inc. broke out sharply to the upside in the second half of the morning Tuesday and finished higher by 1.25 at $13.53, with volume at a 9-month high. The stock rose past resistance and set a new high for the year.
/p


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