NY, Delaware AGs may intervene in BofA, BNY Mellon MBS settlement

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NY, Delaware AGs may intervene in BofA, BNY Mellon MBS settlement

NY, Delaware AGs may intervene in BofA, BNY Mellon MBS settlement

What a team!

HW-

Attorneys General for Delaware and New York secured permission from a U.S. District Judge to intervene in court proceedings discussing the Bank of New York Mellon (BK: 18.03 -0.33%) $8.5 billion settlement with Bank of America (BAC: 5.045 -3.90%) over toxic mortgage-backed securities.

The AGs are eager to get a presence in the proceedings, so they can represent the interests of the investing public in their respective states before a final deal is reached. Admission to the process gives the AGs a chance to hear where talks are going and an opportunity to object to provisions of the deal.

[HOUSING WIRE]

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One Response to “NY, Delaware AGs may intervene in BofA, BNY Mellon MBS settlement”

  1. lies is all they tell says:

    can someone please tell me what is going on out there? these ag are fighting this articles war but what about the settlement with the banks are they involved or not did they walk away like the CA AG, and why would another AG want her back in the settlement talk?? what about these guys above ny ag AND DEL AG. JUST LIKE THIS ENTIRE MORTGAGE FIASCO THEY ARE TRYING TO CONFUSE US. THROW US OFF.

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