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.

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

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