MercoPress – US District Judge Thomas Griesa granted a contempt of court motion last week by bondholder Aurelius Capital Partners hedge fund, according to a transcript of a hearing in Manhattan federal court obtained over the weekend, reports Reuters.

Lawyers for Aurelius complained that they had not received documents the judge had ordered the agency, known as ANSES, to provide about transactions it made through a private brokerage.

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Tags: anses, aurelius capital, bondholder, capital-partners, contempt of court, court motion, district judge, hedge fund, judge thomas, lawyers, manhattan, private brokerage, reuters, thomas griesa

Bloomberg – MBIA’s split of its bond- insurance business was challenged by hedge funds alleging the move hurts owners of about $240 billion of debt while benefiting stock investors, executives and some policyholders.

The reorganization, in which MBIA stripped $5.4 billion of assets and its U.S. municipal business from a unit that now mainly insures only structured-finance bonds, “represents the height of insidious greed,” the Aurelius Capital Management and Fir Tree Partners funds said in a lawsuit filed today.

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Tags: assets, aurelius capital, bloomberg, bond insurance, bonds, capital-management, finance, fir tree partners, greed, insurance, insurance business, mbia, municipal business, partners funds, policyholders, reorganization, stock investors