Plaintiffs Blast $137M BofA Deal In Muni Bond MDL

Law360, New York (December 16, 2010, 7:06 PM EST) -- A federal judge has given Bank of America Corp. until Friday to respond to claims that it did not bother talking to plaintiffs in a sweeping multidistrict litigation when it negotiated a $137.3 million settlement with 20 state attorneys general over allegations of bid-rigging in the municipal bond derivatives market.

Judge Victor Marrero on Wednesday told Bank of America to reply to a letter filed by interim co-lead class counsel Michael D. Hausfeld of Hausfeld LLP, who indicated that he intended to challenge aspects of the...
To view the full article, register now.