Law360, New York (January 25, 2012, 5:35 PM ET) -- Allied Irish Banks PLC buried the hatchet with Bank of America NA on Wednesday in New York federal court, dropping claims that BofA helped a rogue trader conceal a scheme that resulted in $691 million in losses to an AIB subsidiary.
A stipulation of dismissal signed by U.S. District Judge Deborah A. Batts also releases M&T Bank Corp. from third-party claims brought against it by BofA. Further details on any kind of settlement agreement were not immediately available.
An attorney for BofA declined to comment and...
AIB Drops Claims Against BofA In Rogue Trader Suit
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