---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-364982"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2021-12-22T23:59:59+00:00"
generated_at: "2026-06-27T23:07:27.038223+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-364982
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2021-12-22T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312521364982/0001193125-21-364982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312521364982/d271425d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-364982
- JSON: https://secwatch.observer/filing/0001193125-21-364982.json
- Plain text: https://secwatch.observer/filing/0001193125-21-364982.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.