Tag Archives: MBIA

Appeals court revives MBIA lawsuit against Sports Authority

Here we go again. A lawsuit against the agency that pays the debt on Houston’s sports stadiums is back on following an appeals court ruling. Last April, a state district court judge ruled that a bond insurer could not sue … Continue reading

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MBIA appeals lawsuit dismissal

Here’s the brief that MBIA has filed with the First District Court of Appeals to overturn the dismissal of their lawsuit against the Harris County-Houston Sports Authority and the Harris County Sports & Convention Corporation. The issues presented for review … Continue reading

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Someone attempted to do something about MBIA and the Sports Authority

And others expressed their disapproval about it. What the “it” is, and who it was that was trying to do “it” remain unclear. A surprise legislative maneuver has local government lobbyists scrambling to defend the agency that pays the debt … Continue reading

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MBIA lawsuit against Sports Authority dismissed

I haven’t seen a story about this in the print edition for whatever the reason. A state district court judge on Tuesday ruled that the Harris County-Houston Sports Authority cannot be sued by the company that insures the $1 billion … Continue reading

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Sports Authority gets sued

MBIA, the company that insures the Harris County-Houston Sports Authority’s bonds, has filed a lawsuit to force the Sports Authority to collect more money to pay its obligations. If MBIA must cover payment shortfalls and cannot reimburse itself from the … Continue reading

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The Sports Authority’s finances are back in the news

I still have no idea whether this is something we need to worry about or not. The firm that insures the Harris County-Houston Sports Authority’s $1 billion in bonds – sold to finance the homes of the Texans, Rockets and … Continue reading

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