{"id":5599,"date":"2014-02-21T00:00:00","date_gmt":"2014-02-21T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/02\/judge_rejects_aigs_bid_to_dela"},"modified":"2022-05-05T12:05:15","modified_gmt":"2022-05-05T17:05:15","slug":"judge-rejects-aigs-bid-to-dela","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/judge-rejects-aigs-bid-to-dela\/","title":{"rendered":"Judge Reject\u2019s AIG\u2019s Bid to Delay $8.5B Billion Mortgage Backed-Securities Settlement with Bank of America Corp. \u201cHostage\u201d"},"content":{"rendered":"\n

Less than three weeks after a judge approved the $8.5 billion mortgage securities settlement between Bank of America Corp. (BAC) <\/a>and investors, another judge has rejected insurance giant American International Group\u2019s (AG) efforts to delay the deal over its objections that loan modifications were not included in the agreement. Supporters of the mortgage-backed securities<\/a> deal had accused the insurer of holding the deal \u201chostage.\u201d<\/p>\n

AIG is one of the investors in the over 500 mortgage securities trusts involved in this case. In total there are 22 institutional investors, including BlackRock Financial Management Inc. (BLK), Goldman Sachs Asset Management LP, ING Capital LLC, and Invesco Advisers, Inc.<\/p>\n

The insurance giant opposes the settlement and contends that it isn\u2019t convinced that the agreement will offer enough compensation for the losses sustained. AIG and other objectors are also worried that the ruling could result in additional securities lawsuits related to modified loan claims. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Less than three weeks after a judge approved the $8.5 billion mortgage securities settlement between Bank of America Corp. (BAC) and investors, another judge has rejected insurance giant American International Group\u2019s (AG) efforts to delay the deal over its objections that loan modifications were not included in the agreement. Supporters of the mortgage-backed securities deal […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3757],"tags":[],"class_list":["post-5599","post","type-post","status-publish","format-standard","hentry","category-mortgagebacked-securities"],"yoast_head":"\nJudge Reject\u2019s AIG\u2019s Bid to Delay $8.5B Billion Mortgage Backed-Securities Settlement with Bank of America Corp. \u201cHostage\u201d — Investor Lawyers Blog — February 21, 2014<\/title>\n<meta name=\"description\" content=\"Less than three weeks after a judge approved the $8.5 billion mortgage securities settlement between Bank of America Corp. 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