NEW YORK (

TheStreet

) --

Royal Bank of Canada

(RY) - Get Royal Bank of Canada Report

dropped its suit Friday against

MBIA

(MBI) - Get MBIA Inc. Report

a day after

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

and

Barclays

(BCS) - Get Barclays PLC Sponsored ADR Report

did the same over a long running dispute regarding the insurers' reorganization plans.

Royal Bank of Canada filed a "discontinuance order" in New York State Supreme Court in its case against MBIA, according to a

Bloomberg

report, citing court documents.

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Calls to Royal Bank of Canada and MBIA were not immediatley returned. The RBC action comes a day after both JPMorgan and Barclays dropped out of the same lawsuit.

The lawsuit opposes MBIA's restructuring plans that included designs to create a new company capitalized with $5 billion in assets and the ability to write new business. The remaining MBIA assets left a questionable amount of capital to cover outstanding guarantees, the lawsuit argued.

Other firms that continue to be part of the lawsuit include

Royal Bank of Scotland

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,

BNP Paribas

( BNP),

Citibank

(C) - Get Citigroup Inc. Report

,

HSBC

(BCS) - Get Barclays PLC Sponsored ADR Report

,

Credit Agricole

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, among several others.

MBIA shares are down two cents, at $11.85, in current trading