Is Judge Jed Going To Approve This SEC/Bank Of America Settlement? We’ll Know At 2 Today

Federal District Court Judge Jed Rakoff, who issued an important decision on Friday in the Dreier cases about which we just blogged, has a 2 p.m. hearing scheduled today to consider a motion by the Securities and Exchange Commission to approve a $150 million settlement with the Bank of America. The judge previously rejected other efforts to settle SEC/B of A disputes, and it will be very interesting to see what he has to say about this proposal. 

We'll have more on this here later today….