In the past seven days, two separate courts in New York rejected MBIA Inc.'s motions to dismiss lawsuits alleging its February 2009 restructuring was an intentionally fraudulent action and a breach of good faith that hurt policyholders.

In the most recent decision on Wednesday, New York Supreme Court Judge James A. Yates rejected the motion to dismiss and ordered both parties in the lawsuit to proceed with their depositions and reconvene on March 12.

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