Skadden Win in Bank of America Case May Undercut DOJ's Strategy

A U.S. magistrate judge's recommendation to dismiss claims that Bank of America defrauded investors in a mortgage-backed security may weaken the Department of Justice's efforts to use a statute known as FIRREA.

Sign up for a free trial now!'s Elite 15-day trial gives you:

  • All access pass to legal news across ALM's Network
  • News by Practice Area, available exclusively on
  • The free InPractice digital newsletter
  • Personalized legal news on the mobile App

During and after your trial, you'll receive the benefits of an ALM digital membership, including a subscription to the Newswire digital newsletter.