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MBIA Insurance Corp. v. Credit Suisse Securities LLC

A New York state judge awarded our client MBIA $604 million in damages associated with Credit Suisse’s breach of contract in the HEMT 2007-2 residential mortgage-backed security transaction; the parties settled for $600 million to avoid any appellate action. MBIA retained Karl Snow as the testifying expert to calculate damages attributable to Credit Suisse’s breaches of representation and warranties related to the mortgage loans included in the transaction.

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