Puerto Rico Court of Appeals reverses lower court, dismisses MBIA's case against UBS

MBIA INC

On Dec 17, 2021, Puerto Rico Court of Appeals reversed denial of defendants' motion to dismiss.
Plaintiffs were MBIA Insurance Corp and National Public Finance Guarantee Corp.
Ruling effectively dismisses case against UBS Financial Services and other defendants.
MBIA posted certified English translation of the order on its website in Legal Proceedings section.

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