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On September 8, 2015, Bank of America NA and Midland Loan Services settled Bank of America's lawsuit seeking a declaratory judgment that it did not breach the representations and warranties in connection with a CMBS securitization...
On September 8, 2015, Bank of America NA and Midland Loan
Services settled Bank of America's lawsuit seeking a
declaratory judgment that it did not breach the representations and
warranties in connection with a CMBS securitization and,
consequently, did not need to repurchase loans from the
securitization. As a result of the settlement, the lawsuit was
dismissed with prejudice. The terms of the settlement were not
disclosed. Dismissal Order.
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