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Bank of America (BAC) wins a dismissal in a lawsuit filed by Allstate (ALL) over losses incurred...

Bank of America (BAC) wins a dismissal in a lawsuit filed by Allstate (ALL) over losses incurred from mortgage-backed securities purchased from BofA-acquired Countrywide Financial. The judge's ruling allows Allstate to refile a narrower case, but it gives BofA a stronger position if settlement negotiations commence.
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Comments (2)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Is the legal system sowing those deep pockets shut?
    3 Feb 2012, 06:41 AM Reply Like
  • Chris Lau
    , contributor
    Comments (2761) | Send Message
     
    well-said 7foot {EAV:32f9fea9bf29e680}
    3 Feb 2012, 08:19 AM Reply Like
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