SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of MBIA Inc., Investors
[August 14, 2019]

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of MBIA Inc., Investors


Law Offices of Howard G. Smith announces an investigation on behalf of MBIA Inc. ("MBIA" or the "Company") (NYSE: MBI) investors concerning the Company and its officers' possible violations of federal securities laws.

On August 6, 2019, post-market, MBIA reported a consolidated GAAP net loss of $170 million, or $2.02 per share, for second quarter 2019, compared to a consolidated GAAP net loss of $146 million, or $1.64 per share, for the second quarter of 2018. According to the Company, the loss "was mainly driven by loss and loss adjustment expense primarily related t our insurance on Puerto Rico bonds" and that "[f]air value losses on interest rate swaps resulting from lower interest rates also contributed".



On this news, MBIA's stock price fell $0.69 per share, or over 7%, to close at $8.66 per share on August 7, 2019, thereby injuring investors.

If you purchased MBIA securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy