Judge Orders BofA to Repay $500 Million Seized in 'Calculated Violation' of Bankruptcy Code

In a blistering ruling, a federal bankruptcy judge ordered Bank of America to repay $500 million it seized from a collateral account after Lehman filed for Chapter 11 protection.

By |2010-12-31T07:15:03+00:00December 31st, 2010|Uncategorized|Comments Off on Judge Orders BofA to Repay $500 Million Seized in 'Calculated Violation' of Bankruptcy Code