The First Department delivered a resounding victory Thursday to institutional investors who backed an $8.5 billion settlement of claims against Bank of America stemming from the 2008 mortgage crisis.
March 06, 2015 at 12:00 AM
1 minute read
The Appellate Division, First Department, delivered a resounding victory Thursday to institutional investors who backed an $8.5 billion settlement of claims against Bank of America stemming from the 2008 mortgage crisis.
The appeals court modified a lower court ruling which had approved the settlement in large part but had disallowed a release of some claims against Bank of America.
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