Judge Stands By Axing Of Claim Against FleetBoston

Law360, New York (December 10, 2009, 7:12 PM EST) -- A federal judge has rejected a request by investors of a bankrupt real estate development to rehear their claim against FleetBoston Financial Corp., which they said breached their oral agreement for credit in the aftermath of a $73 million loan scandal at the bank in the late 1990s.

Nani Shipping Corp. Ltd. and Androgue Chico SA “cannot have a second bite at the apple,” Judge John F. Keenan wrote in his order, filed Wednesday in the U.S. District Court for the Southern District of New York....
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