Bank of America Corp. (NYSE:BAC) executives will be breathing a sigh of relief today after a New York Supreme Court Justice refused American International Group Inc. (NYSE:AIG), Seth Klarman’s The Baupost Group (AKA Walnut Group) and others have had their petition to have the case against Bank of America turned into a plenary action in order to . The move will save the bank from a much wider and deeper inquiry into its dealings with mortgage binds in the time surrounding the financial crisis. Currently the inquiry into Bank of America is an Article 77 hearing. An Article 77 is…
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