Yes. The two options: AIG takes the $8.5M deal or BAC puts Country Wide under Bankruptcy and AIG would get even less. As an investor in BAC, I believe these two be a win-win situation for BAC investors.
As defense counsel would do, under normal judicial procedure, is to mandate AIG pay legal fees for this follow up Petition. matter was settled, now AIG, as one of the lead Petitioners wants more. AIG almost in total has caused this fiasco. They should be made to pay BIG, court costs at a minimum.
I wish they would just put it into bankruptcy. I am tired of the blood suckers at AIG. They should get nothing. Its time for BoFA to rebuild and they can't do it with a do nipping at their heals. Shoot the damn dog (AIG) and get on with it.