Investment Banking

Court won't reconsider scrapping $1.2bn Bank of America fine

An appellate court on August 22 declined to reconsider its decision to throw out a mortgage fraud case against Bank of America – a blow to the Justice Department as it tried to rescue one of its highest-profile cases tied to the financial crisis.

Court won't reconsider scrapping $1.2bn Bank of America fine
Photo: iStockPhoto

An appellate court on August 22 declined to reconsider its decision to throw out a mortgage fraud case against Bank of America – a blow to the Justice Department as it tried to rescue one of its highest-profile cases tied to the financial crisis.

Judges for the Second US Circuit Court of Appeals in New York said in a filing that they had considered the Justice Department's request and would deny it. The judges didn't elaborate on their decision.

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