Saying that “after eight years of litigation, enough is enough” in the class-action lawsuit over Bank of America’s sale of mortgage-backed securities that fueled the housing bubble of the last decade, U.S. District Judge William Pauley III of the Southern District of New York denied a late attempt by a Gibraltar-based financial firm’s to secure a share of the $335 million settlement that’s been holding up payouts to class members for months.
Gaia Holdings Ltd. previously moved to intervene in the class action and to extend its time to file a notice of appeal the court’s order in October 2018 ratifying claims in the suit.
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