Judge Denies Staying Approval of BNY Mellon, BoA Settlement

, Commercial Litigation Insider

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The Manhattan Supreme Court 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, stating Wednesday she saw no need to do so.

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What's being said

  • sarahhsmith

    Is this true! she told that she is not her Appellate Division. All I can do is effectuate what she did,” Scarpulla told the parties during a 45-minute hearing in the case Kapnick, who was recently elevated to the Appellate Division, First Department, signed off on the majority of the settlement between 22 institutional investors and Bank of America, which acquired Countrywide Financial, the lender that issued the home mortgages which unraveled during the housing crisis.what people say?

    Cassidy
    http://www.99dollarinfographic.com


  • sarahhsmith

    Is this true! she told that she is not her Appellate Division. All I can do is effectuate what she did,” Scarpulla told the parties during a 45-minute hearing in the case Kapnick, who was recently elevated to the Appellate Division, First Department, signed off on the majority of the settlement between 22 institutional investors and Bank of America, which acquired Countrywide Financial, the lender that issued the home mortgages which unraveled during the housing crisis.what people say?

    Cassidy
    http://www.99dollarinfographic.com


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