The judge who inherited the American International Group-led challenge to an $8.5 billion deal struck between Bank of America and investors of mortgage-backed securities refused to suspend her predecessor’s ruling approving the settlement, saying she saw no need to do so.
In a lively court hearing Wednesday in the Commercial Division focused entirely on one procedural request by AIG’s counsel, Justice Saliann Scarpulla (See Profile) said it was clear Justice Barbara Kapnick (See Profile) did not intend to further delay entry of judgment beyond a five-day stay issued merely out of “convenience” for out-of-state parties.
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