NEW YORK ( TheStreet) -- Royal Bank of Canada ( RY - Get Report) dropped its suit Friday against MBIA ( MBI - Get Report) a day after JPMorgan Chase ( JPM) and Barclays ( BCS) 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.

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 ( RBS), BNP Paribas ( BNP), Citibank ( C), HSBC ( BCS), Credit Agricole ( ACA), among several others.

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