Last witness Adam Levitin testifies against $8.5 billion BofA deal - "My opinion is the settlement was not entered into in good faith"
Wishes really can come true!
Reuters-An expert witness testified on Thursday that Bank of America Corp's (BAC.N) proposed $8.5 billion settlement with mortgage bond investors is "not reasonable" and rife with conflicts of interest, as opponents made a final push to derail the deal.
Adam Levitin, a law professor at Georgetown University in Washington, is the last scheduled witness in a long-running case over whether the deal should be approved.
"My opinion is the settlement was not entered into in good faith," Levitin said in state court in New York.
[REUTERS]

