Judge Tells BofA Attys In MBS Suit To 'Grow Up,' Stop Delays

Law360, New York (May 4, 2012, 6:39 PM EDT) -- A New York state judge threatened to sanction Bank of America Corp.'s attorneys during a hearing Friday for holding up discovery in a multibillion-dollar lawsuit over securitized mortgages that MBIA Inc. insured.

"We've really got to step up to the plate, take a big, deep breath, and grow up a bit," Judge Eileen Bransten said during the hearing in her downtown Manhattan courtroom.

"Frankly, I think there's been a tendency of delay," she said, adding that she wasn't ready to slap the bank with sanctions —...
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