With investors on Main Street and Wall Street waiting to see how an argument over Bank of America's (NYSE:BAC) $8.5 billion settlement will shake out, one big revelation in court has proved to be false. So, will the courts side with investors like BlackRock (NYSE:BLK), who are in favor of the settlement figure, or with lead dissenter AIG (NYSE:AIG)?

In the video below, Motley Fool contributor Jessica Alling discusses the newest information and why investors should pay close attention to how the hearing plays out as it resumes in July.