Never one to mince words, U.S. District Judge Jed Rakoff had a few harsh ones for Bank of America on Tuesday, ruling that the bank "utterly failed" to offer a compelling reason to retry a mortgage fraud case that put it on the hook for $1.27 billion.
February 03, 2015 at 09:24 PM
1 minute read
Never one to mince words, U.S. District Judge Jed Rakoff in Manhattan had a few harsh ones for Bank of America Corp. on Tuesday, ruling that it “utterly failed” to offer a compelling reason to retry a mortgage fraud case that put the bank on the hook for $1.27 billion.
In a 15-page decision, Rakoff rejected a motion for judgment as a matter of law or a new trial lodged by Bank of America’s lawyers at Williams & Connolly.
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