Law360, New York (December 08, 2011, 6:39 PM ET) -- Bank of America Corp. asked a New York state judge Thursday to toss an investor's lawsuit over the bank's handling of $1 billion in mortgage-backed securities as the Second Circuit mulls a sweeping $8.5 billion settlement.
Walnut Place LLC brought the suit in February, alleging that BofA's Countrywide subsidiaries misrepresented the quality of loans behind more than $1.06 billion in mortgage-backed securities. The trustee of the trusts that holds those securities, Bank of New York Mellon Corp., dropped the ball when it didn't live up to...
BofA Wants Investor's Suit Over $1B In MBS Tossed
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