NY, Del. AGs Allowed To Enter Fray Over $8.5B BofA Deal

Law360, New York (November 21, 2011, 4:40 PM EST) -- A New York federal judge on Friday ruled that the attorneys general of New York and Delaware could intervene in a dispute over the fairness of Bank of America Corp.'s $8.5 billion settlement with holders of Countrywide Financial Corp. mortgage-backed securities.

U.S. District Judge William H. Pauley III granted the attorneys general's requests to intervene in the suit, agreeing with their argument that their duty to protect the investing public gave them a quasi-sovereign interest in an honest marketplace and gave them standing to intervene in...
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