官司尘埃落定 BAC继续看涨# Stock
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NEW YORK (MarketWatch) -- Bank of America Corp. has been given approval to
settle its case with investors for $8.5 billion over faulty mortgage-backed
securities originated in its Countrywide unit, according to a report in The
Wall Street Journal on Friday.
A New York State judge has given the go-ahead on a deal that was made in
June 2011 but was opposed by certain investors including American Insurance
Group Inc.
AIG argued the deal was unfair and that the amount was far short of the
losses to investors.
The more than two-year process is considered a victory for the bank that has
been closely watched by the industry.
settle its case with investors for $8.5 billion over faulty mortgage-backed
securities originated in its Countrywide unit, according to a report in The
Wall Street Journal on Friday.
A New York State judge has given the go-ahead on a deal that was made in
June 2011 but was opposed by certain investors including American Insurance
Group Inc.
AIG argued the deal was unfair and that the amount was far short of the
losses to investors.
The more than two-year process is considered a victory for the bank that has
been closely watched by the industry.
