Based on questioning at an appellate oral argument on Feb. 15, the lawyers challenging Bank of America’s $8.5 billion proposed settlement with mortgage-backed securities investors may have reason to be nervous.
Over the course of an hour, supporters and opponents of the settlement argued at the U.S. Court of Appeals for the Second Circuit over whether the litigation belongs in federal court or in New York state court, where the deal’s architects originally sought its approval under a state statute governing trusts.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
