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File #: 180068    Version: 1 Name: Settlement of Lawsuit - MBIA Inc., MBIA Insurance Corp., MBIA Insurance Corp. of Illinois, and Jason Kissane - City to Receive $388,591
Type: Ordinance Status: Passed
Introduced: 1/23/2018 In control: Clerk of the Board
On agenda: 1/23/2018 Final action: 3/9/2018
Enactment date: 3/9/2018 Enactment #: 044-18
Title: Ordinance authorizing a settlement of the lawsuit filed by the City and County of San Francisco against MBIA Inc., its affiliates, MBIA Insurance Corp. and MBIA Insurance Corp. of Illinois, and its former employee, Jason Kissane, for $388,591; the lawsuit was filed on October 8, 2008, in San Francisco Superior Court, Case No. CGC-08-480708; entitled City and County of San Francisco v. Ambac Financial Group Inc., et al.; the lawsuit involves breach of contract, fraud and antitrust claims against bond insurance companies; this settlement applies to claims against the last remaining defendants in the case, the MBIA entities.
Attachments: 1. Leg Ver1, 2. Comm Pkt 020718, 3. Board Pkt 021318, 4. Board Pkt 022718, 5. Leg Final
Legislation Details
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