Why are they releasing the banks from some claims?

A:

The release of claims relinquishes particular state and federal claims on issues addressed by the settlement. The release is narrow and is limited to mortgage servicing and origination claims. States that sign on may still pursue other claims against the banks, such as securities and securitization claims. States could also sue financial institutions that are not part of the settlement.
States that opt not to sign the agreement are free to pursue their own legal actions.


Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • followed this page 2013-05-12 17:22:56 -0700