BofA (BAC) yesterday won an initial victory in the battle over its $8.5B mortgage bond...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

BofA (BAC) yesterday won an initial victory in the battle over its $8.5B mortgage bond settlement with investors when an NY supreme court judge rejected a request from AIG to turn the limited proceeding, called Article 77, into a broader inquiry, or a plenary action, for a full hearing. AIG is one of two main objectors to the deal.