Share on StockTwits

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. District Judge Jed Rakoff in Manhattan to rule for it as a matter of law or order a new trial, arguing that the evidence at trial did not support the jury’s October 2013 verdict.

“Bank Of America Seeks To Void Verdict In $1.27 Billion ‘Hustle’ Case” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.