Providing a major relief to Bank of America Corporation (NYSE:BAC), a U.S. Appeals Court has ruled that BofA’s $8.5 billion settlement deal related to mortgage backed securities (MBS) will be reviewed in the New York state court, instead of the federal court. This ruling overturns a decision by the U.S District Court to take the case to federal court in October 2011.
The ruling for the settlement deal came after The Bank of New York Mellon Corporation (NYSE:BK), the trustee for the MBS and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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