Investors that are considering objecting to the proposed $8.5 billion Bank of America RMBS settlement may now do so by filing a short form objection seeking further information related to the proposed deal.
The form must be filed no later than Aug. 30, explained attorneys at Lowenstein Sandler in a note today.
Each objector that has filed an objection by the Aug. 30 deadline will be entitled to have their counsel, over the week of Sept. 5, negotiate with counsel to Bank of New York Mellon which is the trustee on the deals included in the settlement, BofA and other objectors regarding the scope of, and schedule for, the production of documents related to the settlement.
The objectors will also be able to appear before a judge on Sept. 16 to address the scope of, and schedule for, the production of such documents.
