The hearing is not scheduled until 5/30...
New York State and another State have withdrawn charges;
AIG is fighting hard...very hard..;.
No one knows whether or not the 8.5 billion settlement will be allowed to stand, however....
a lot of folks want the abuses to be forgotten (despite the fact that the abuses are worse than ever now),
so, most likely, the 8.5 billion settlement will be allowed to proceed because:
BofA is too big to fail, and
the US Government arm-twisted BofA into buying that crooked company, Countrywide, and so,
at some point this matter will have to be allowed to go the way of the do-do bird, otherwise, this matter will go on in perpetuity, and, there are bigger fish to fry now.
Just one humble opinion.
Not to mention the Feds have already stated publicly that they told BAC that they wouldn't be held accountable for the stuff that the Feds had taken from AIG. Now AIG is trying to sue BAC for that same stuff. Rather an interesting situation to say the least.