A US Judge has warned the counsel for Bank of America and those parties who believe the bank owes them over the loss of assets tied to a faulty mortgage - tracking system , he will not approve a $ 335 m Bank of America class - action settlement until the injured parties are better informed regarding the matter .
A US Judge has warned the counsel for Bank of America and those investors who said the bank misled them over the vulnerability of losses tied to a faulty mortgage-tracking system, he will not approve a $335m Bank of America class-action settlement until the injured parties are better informed regarding the payout.