Trustee Didn't Duck BofA Fight With $8.5B Deal, Expert Says

Law360, New York (July 19, 2013, 8:03 PM EDT) -- The prospect of more work and no extra money wasn't enough to motivate Bank of New York Mellon Corp. to avoid a fight with Bank of America Corp. over alleged servicing violations in billions of dollars' worth of mortgage-backed securities, a corporate trust expert testified during a New York trial Friday.

Robert I. Landau, a corporate trust expert, has praised BNY Mellon's efforts as the trustee for securities that led to an $8.5 billion settlement with Bank of America Corp. and the investors in the troubled...
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