AIG Shouldn't Delay $8.5B BofA Deal, Investors Urge Court

Law360, Los Angeles (February 18, 2014, 10:43 PM EST) -- Supporters of Bank of America Corp.'s $8.5 billion mortgage-backed securities settlement with institutional investors asked a New York state judge on Friday to deny American International Group Inc.'s request to delay approval of the deal, ahead of a planned Wednesday hearing on AIG's motion.

The supporters, including Bank of New York Mellon and a slew of institutional investors, argued in an opposition brief that AIG should not be permitted to delay entry of final judgment in the settlement. They accused AIG of seeking an indefinite tolling...
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