Court Approves Majority of BofA Pact With MBS Investors

, Commercial Litigation Insider

Justice Barbara Kapnick said the $8.5 billion settlement, which was brokered in 2011 after a year's worth of discussions only to be challenged by a contingent of investors led by AIG for falling far short of projected losses, was made in good faith and within the bounds of reasonableness.

Originally appeared in print as Court Approves Majority of BofA Settlement With MBS Investors