Judge Dismisses Suit Against Bank of America For Not Disclosing AIG Claims November 4, 2013 By Jonathan Stempel Bank of America Corp. has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a...
MBIA, Bank of America Reach $1.6 Billion Settlement May 7, 2013 By Dan Wilchins and Karen Freifeld Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right...
AIG Wins Bid to Move $10B Bank of America Mortgage Lawsuit April 19, 2013 A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit...
Bond Insurer MBIA Wins Dismissal of Bank Claim Over Restructuring March 4, 2013 By Ben Berkowitz and Jonathan Stempel MBIA Inc. on Monday won the dismissal of a lawsuit by Bank of America Corp. and Societe Generale SA challenging...
Florida Court Sides with Bank in Key Mortgage Liability Case February 10, 2013 By Jessica Dye Florida’s highest court has ruled a homeowner cannot re-open a voluntarily dismissed foreclosure case despite allegations that the bank falsified...
Best Affirms Balboa Insurance Co., Subs Ratings, as Transfer to QBE Continues January 25, 2013 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of...
Supreme Court Lets Black Brokers’ Bias Case Against Merrill Proceed October 2, 2012 By Jonathan Stempel The U.S. Supreme Court refused to consider an appeal by Bank of America Corp.’s Merrill Lynch unit of a ruling...
Judge Throws Out Investor Lawsuit Against Bank of America Over Mortgages March 30, 2012 By Karen Freifeld Bank of America Corp. on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back...
In Win for BofA, $8.5B Mortgage Settlement Sent Back to New York Court February 28, 2012 By Karen Freifeld Bank of America Corp. won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with...
BofA Mortgage Securities Case Still Winding Its Way Through Courts February 16, 2012 By Grant McCool Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp.’s mortgage-backed securities liability could drag...