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.

Fool contributor Jessica Alling has no position in any stocks mentioned -- you can contact her here. The Motley Fool recommends American International Group, Bank of America, and BlackRock. The Motley Fool owns shares of American International Group and Bank of America and has the following options: Long Jan 2014 $25 Calls on American International Group. Try any of our Foolish newsletter services free for 30 days.

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