11th Circ. Gives BofA Small Win In Las Vegas Casino MDL

Law360, New York (July 9, 2012, 1:36 PM EDT) -- The Eleventh Circuit on Thursday declined to consolidate four appeals challenging Bank of America NA's decision to cut off $1.85 billion in financing for a floundering billion Las Vegas casino, though the court said it would hear oral arguments at the same time.

Bank of America has been fighting allegations in multidistrict litigation that it and other lenders unfairly pulled the plug on the Fontainebleau project, a casino and hotel planned for the Las Vegas strip that filed for bankruptcy in 2009. A group of term...
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