December 20, 2011 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
September 30, 2011 - The court ordered a lead plaintiff notice of voluntary dismissal, dismissing individual defendants' with prejudice.

September 20, 2011 - The court preliminarily approved the settlement.

September 6, 2011 - Parties filed a stipulation of settlement.

April 30, 2010 - The lead plaintiff filed a second amended consolidated complaint.

March 31, 2010 - The court granted in part and denied in part the defendants' motion to dismiss without prejudice and granted lead plaintiff leave to amend.

April 7, 2009 - The defendants filed a motion to dismiss.

October 17, 2008 - The lead plaintiff filed an amended consolidated complaint on behalf of purchasers of MBIA Inc (NYSE: MBI) common stock between July 2, 2007 and January 9, 2008. . The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between July 2, 2007 and January 9, 2008.

June 30, 2008 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

March 11, 2008 - Lead plaintiff motions were filed.

March 5, 2008 - Another investor filed a complaint.

February 25, 2008 - Another investor filed a complaint.

January 11, 2008 - An investor in shares of MBIA Inc (NYSE: MBI) filed a lawsuit in the U.S. District Court for the Southern District of New York against MBIA Inc over alleged violations of Federal Securities Laws.

The complaint alleges that MBIA Inc and the individual defendants, Chief Executive Officer and Chief Financial Officer, violated the federal securities laws by issuing false and misleading press releases, financial statements, filings with the SEC and statements during investor conference calls. The complaint alleges that the defendants, between January 30, 2007 and January 9, 2008, misrepresented and/or failed to disclose the true extent of MBIA Inc's exposure to losses stemming from MBIA Inc's insurance of residential mortgage-backed securities ( RMBS ), including in particular its exposure to so-called CDO-squared securities that are backed by RMBS. This highly risky exposure was belatedly disclosed in a series of public statements beginning on December 19, 2007 and ending on January 9, 2008. One analyst observed that MBIA Inc had withheld from the public the riskiest parts of its insured portfolio, while others expressed similar dismay at MBIA Inc's failure to apprise investors of these risks in a timely manner.

The complaint alleges that the defendants violated Section 10(b) of the Securities Exchange Act of 1934 (the Exchange Act ) and Rule 10b-5 promulgated thereunder and that [individual] defendants violated Section 20(a) of the Exchange Act.