Judge recommends dismissal of US suit against BofA — Reuters

A U.S. magistrate judge recommended dismissal of a lawsuit against over $850 million in mortgage debt, according to a court filing.

A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis.

via Judge recommends dismissal of US suit against BofA — Reuters