U.S. District Judge William Pauley set a Sept. 21 hearing to consider requests from some investors to move the case against Bank of America Corp.'s $8.5 billion settlement to the Manhattan federal court from a New York state court, according to a Reuters report.

"It strikes me there are some novel and complex issues," Pauley said at a hearing on Thursday, reported Reuters."The court would benefit from some fulsome briefing."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.