Manhattan U.S. District Judge William H. Pauley III warned counsel for Bank of America Corp. and investors who say the bank misled them about its vulnerability to losses tied to a faulty mortgage-tracking system that he would not bless a $335 million class-action settlement unless injured parties can be better-informed about the payout. 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 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 .