U.S. appeals court declines to reconsider Bank of America ruling
NEW YORK, Aug 22 (Reuters) - A U.S. appeals court on Monday refused to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis.
The 2nd U.S. Circuit Court of Appeals in New York rejected a petition by Manhattan U.S. Attorney Preet Bharara's office to have a three-judge panel rehear the case and give the government at least an opportunity to seek a new trial. (Reporting by Nate Raymond in New York)
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