AIG Urges 2nd Circ. To Remand $10B BofA RMBS Suit
The federal Edge Act, which gives federal courts jurisdiction over bank lawsuits involving transactions overseas or in U.S. territories, does not apply to AIG's suit alleging BofA lied about the viability mortgages bundled into RMBS, AIG's lawyer said at oral arguments before a three-judge panel.
BofA only obtained...
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