A Philadelphia judge has refused to dismiss a class action suit accusing Bank of America of engaging in a scheme to use mortgage insurance premiums to fund illegal kickbacks. In his Thursday ruling, the judge directed the parties to develop a record on the issue of whether the statute of limitations should be equitably tolled based on the plaintiffs' claims.

Another settlement domino toppled this week in the Heller Ehrman bankruptcy, when Greenberg Traurig agreed to a $4.9 million deal to resolve claims that one of its partners failed to disclose a conflict of interest with Heller lender Bank of America.