AIG Bid to Move BofA Lawsuit to State Court Denied by Judge
AIG in August sued Bank of America in New York state court over $10 billion in losses on mortgage-bond investments. Charlotte, North Carolina-based Bank of America then moved the case to federal court.
U.S. District Judge Barbara Jones in Manhattan denied New York-based AIG’s request to return the case to state court in an order dated yesterday.
The case is American International Group Inc. v. Bank of America Corp., 11-06212, U.S. District Court. Southern District of New York (Manhattan).
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