BofA Can't Sue Itself In $1.6B MBS Row, Judge Says

Law360, New York (June 7, 2013, 3:27 PM EDT) -- A New York federal judge Thursday dismissed 10 of Deutsche Bank AG and BNP Paribas' claims against Bank of America Corp. in a battle over $1.6 billion in mortgage-backed notes, ruling that contrary to the suit's claims, BofA could not have sued itself to protect investors.

Judge Robert W. Sweet of a federal district court in Manhattan ruled that although BofA served as the indenture trustee, collateral agent, depositary and custodian for the notes, issued by Taylor Bean & Whitaker Mortgage Corp. through its Ocala Funding...
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