BofA Loses Bid to Remove AIG Suit to U.S. Court Under Edge Act

The U.S. Court of Appeals for the Second Circuit has ruled that a little-known international banking law does not allow Bank of America to remove a lawsuit filed by American International Group over mortgage-backed securities from state to federal court, though it left open the possibility that BofA could remove the case on other grounds.

http://www.newyorklawjournal.com/PubArticleNY.jsp?id=1202596834805&BofA_Loses_Bid_to_Remove_AIG_Suit_to_US_Court_Under_Edge_Act