New York court News

New York Court Allows Lawsuit Over Bogus Home Appraisals

New York’s highest court allowed the state Tuesday to proceed with a lawsuit that had accused First American Corp. and its eAppraiseIt unit of colluding with the former Washington Mutual Inc. to fraudulently inflate home values. The Court of Appeals …

Sony Insurer, Zurich, Files Suit to Deny Data Breach Coverage

One of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year. The dispute …

Court Revives Banks’ Suit Against Bond Insurer MBIA

New York’s highest court Tuesday revived a lawsuit by several large banks challenging bond insurer MBIA Inc.’s 2009 restructuring, which they complained was unfair to policyholders. MBIA shares fell as much as 7.1 percent. The restructuring, approved by New York’s …