Baupost Group (Walnut Place) Withdraws Objection to BoFA Settlement

23JulJuly 23, 2012

Baupost Group (Walnut Place) Withdraws Objection to BoFA Settlement

In a Monday court filing, Walnut Place withdrew its opposition to Bank of America Corp (NYSE:BAC)'s $8.5 billion proposed settlement with Countrywide mortgage-backed securities investors.

Walnut Place is more fondly known as a name utilized by hedge fund manager, Seth Klarman's, Boston-based Baupost Group.

The filing came in a New York-based courtroom, and the reason for the withdrawal wasn't stated

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