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Investments / The Ticker

BofA MBS trial adjourned until Nov. 14

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Bank of America’s (BAC) $8.5 billion mortgage-backed securities settlement case is on hold once again. The hearing was officially delayed until Nov. 14. Per Seeking Alpa:

Attorneys for AIG and the other "objectors" have one more witness for the stand, and the settlement supporters may, or may not call rebuttal witnesses.

The "objectors" also have made a motion for additional discovery based on new evidence coming to light during the trial, but the judge hasn't yet ruled on this.

Source: Seeking Alpha
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