Opponents Of $8.5 Billion BofA Settlement Allowed To Have Access To Some Records -Reuters

Date : 05/09/2012 @ 6:29PM
Source : Dow Jones News
Stock : Bank of America Corp. (BAC)
Quote : 25.02  -0.14 (-0.56%) @ 7:06PM

Opponents Of $8.5 Billion BofA Settlement Allowed To Have Access To Some Records -Reuters

Bank of America (NYSE:BAC)
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Investors opposing an $8.5 billion settlement with Bank of America Corp. (BAC) are allowed to access some of the records of discussions that led to the deal, Reuters reported Wednesday, citing the attorney for investors who supported the deal.

The proposed deal would resolve claims over mortgage bonds issued by Countrywide Financial Corp., which was bought by Bank of America in 2008.

BlackRock Inc. (BLK) and MetLife Inc. (MET) are among the institutions who have agreed to the settlement, while American International Group Inc. (AIG) is among those who oppose it, according to the report.

Full story at http://www.reuters.com/article/2012/05/09/us-bofa-settlement-idUSBRE8481AK20120509?type=companyNews

-Dow Jones Newswires; 212-416-2900


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