Fedders Trust Drops BofA, GE From Adversary Case

Law360, New York (June 11, 2010, 6:22 PM EDT) -- The general unsecured creditors' liquidating trust for defunct air conditioner maker Fedders North America Inc. has dropped Bank of America Corp. and General Electric Capital Corp. from an adversary lawsuit that accused them, other lenders and several executives of dragging the company into bankruptcy through various forms of misconduct.

The trust agreed to dismiss GECC with prejudice Tuesday, and it agreed to dismiss BofA with prejudice a day later. No costs will be issued in favor of any party, other than to the extent they are...
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