BofA Denied Interim Appeal Of FDIC, Taylor Bean Ruling

Law360, New York (June 17, 2013, 7:38 PM EDT) -- A Washington federal judge on Monday refused to certify Bank of America NA’s interlocutory appeal of her decision barring the bank from submitting additional evidence limiting its liability linked to another bank tied to Taylor Bean & Whitaker Mortgage Corp.'s alleged fraud.

The dispute stems from U.S. District Judge Barbara Jacobs Rothstein’s December decision allowing BofA — which served as trustee for notes issued by bankrupt Taylor Bean subsidiary Ocala Funding LLC — to go after the Federal Deposit Insurance Corp. for $1.7 billion in losses...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.