Judge Lets DoJ Proceed With Fraud Case Against Bank Of America
A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition. The Department of Justice’s lawsuit accuses Bank of America of civil fraud in the sale of mortgage securities that soured during the global financial crisis. At a hearing last week in Asheville, North Carolina, U.S.
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