(Bloomberg) -- Bank of America Corp.s lawsuit against the Federal Deposit Insurance Corp. against the Federal Deposit Insurance Corp. for $1.7 billion in client losses was revivedafter the agency said that a bank at the center of the Taylor Bean scandal may have have enough assets to pay the claims.
U.S. District Judge Barbara Rothstein yesterday vacated her August 26 order dismissing Bank of Americas claim against the FDIC, which it made as trustee for Ocala Funding LLC, a mortgage financing vehicle Taylor Bean controlled.
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