NY judge approves Bank of America $8.5B settlement of losses from mortgage-backed securities

  • by: MICHAEL VIRTANEN , Associated Press
  • Updated: January 31, 2014 - 2:46 PM

ALBANY, N.Y. — A New York judge on Friday approved most of the $8.5 billion Bank of America settlement over investor losses from mortgage-backed securities, concluding that trustee Bank of New York Mellon acted reasonably with one exception.

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