A U.S. appeals court will review whether BofA's (BAC) $8.5B MBS settlement should be sent back...

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

A U.S. appeals court will review whether BofA's (BAC) $8.5B MBS settlement should be sent back to a New York state court for approval; some institutional investors want the case to stay in federal court where it will be easier to negotiate higher payouts. A ruling is expected within 60 days.