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Bank of America Corporation Message Board

  • one_dogydog one_dogydog Aug 30, 2011 8:54 PM Flag

    Finally good news for BAC after long shorts attacks

    Bank of America Corp. (BAC) won dismissal of lawsuits by BNP Paribas Mortgage Corp. and Deutsche Bank AG (DBK) over hundreds of millions of dollars in losses on asset-backed notes.

    U.S. District Judge Robert Sweet, in a decision released today, dismissed claims by BNP Paribas and Deutsche Bank that Charlotte, North Carolina-based Bank of America illegally kept loans and loan payments securing the notes, which they bought for more than $1.6 billion.

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