We saw the curtain drop on Walnut Place, aka Seth Klarman’s Baupost vs Bank of America Corp (NYSE:BAC), back in July. The hedge fund withdrew its challenge to the offer of a $8.5 billion settlement, and apparently decided to just take what it was offered. The last time, when Baupost decided to battle Bank of America Corp (NYSE:BAC) in court, it used the pseudonym of Walnut Place. This raised several confusions about the identity of the actual litigator behind the filing. It seems that Boston based Baupost Group has struck once again to regain its losses in mortagage backed securities.
[klarman]
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