AIG Denied Intervening In BofA Deal
On Tuesday, as reported by Reuters, American International Group Inc.’s (NYSE:AIG) attempts to intervene in Bank of America Corporation’s (NYSE:BAC) $8.5 billion mortgage bond settlement case were spurned. New York state Supreme Court Justice Barbara Kapnick not only dismissed the allegations of AIG, but also of the other investors. Reasons Behind AIG’s Opposition Along with [...]
On Tuesday, as reported by Reuters, American International Group Inc.’s (NYSE:AIG) attempts to intervene in Bank of America Corporation’s (NYSE:BAC) $8.5 billion mortgage bond settlement case were spurned. New York state Supreme Court Justice Barbara Kapnick not only dismissed the allegations of AIG, but also of the other investors.
Reasons Behind AIG’s Opposition
Along with a group of investors, AIG had earlier opposed BofA’s deal, citing the settlement as substantially inadequate. They wanted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards