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Empresas y finanzas

AIG loses bid to move $10 billion fraud case vs BofA


    (Reuters) - A federal judge has rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where it was originally filed, from federal court.

    U.S. District Judge Barbara Jones accepted Bank of America's argument that some of the home loans underlying the 349 residential mortgage-backed securities that AIG said it bought entitled a federal court to assert jurisdiction.

    (Reporting by Jonathan Stempel in New York, editing by Gerald E. McCormick)