City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
180068
Name:
Settlement of Lawsuit - MBIA Inc., MBIA Insurance
Corp., MBIA Insurance Corp. of Illinois, and Jason
Kissane - City to Receive $388,591
Status:
Type:
Ordinance
Passed
File created:
In control:
1/23/2018
Clerk of the Board
On agenda:
Final action:
1/23/2018
3/9/2018
Enactment date:
3/9/2018
044-18
Enactment #:
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.
Sponsors:
Attachments:
1. Leg Ver1, 2. Comm Pkt 020718, 3. Board Pkt 021318, 4. Board Pkt 022718, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
1/9/2018
1
RECEIVED AND ASSIGNED
President
1/23/2018
1
RECOMMENDED
Government Audit and Oversight
Committee
2/7/2018
1
Pass
PASSED ON FIRST READING
Board of Supervisors
2/13/2018
1
Pass
FINALLY PASSED
Board of Supervisors
2/27/2018
1
Pass
APPROVED
Mayor
3/9/2018
1