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Court Nixes Settlement In BofA Insurance Spat

Law360, New York (March 03, 2009) -- Leery of a “sweetheart deal” against nonsettling parties, a federal judge has put the kibosh on a proposed settlement between Bank of America NA and several insurers embroiled in a coverage dispute.

On Monday, Judge Robert S. Lasnik of the U.S. District Court for the Western District of Washington rejected the proposed settlement, noting the dearth of details about the agreement and...

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