[ by Melanie Gretchen ] Bank of America investors will have to wait until next May for the approval of the bank's proposed $8.5 billion mortgage-bond settlement, according to a scheduling order dated 8/10/12.  Almost 2 years after it was filed, on 5/2/13, Justice Barbara Kapnick of New York Supreme Court will rule on the settlement to resolve claims tied to Countrywide Financial mortgage bonds, according to a scheduling order dated Aug. 10. Since the settlement was filed in state court for approval in June 2011, investors like American International Group Inc. (AIG) have intervened in the case seeking more information about the agreement.  Perhaps with a mind to the delays in litigation, Kapnick set a 3/15/13 deadline for briefs supporting or opposing the settlement.  [CI Note: We're sure investors are grateful.] The case: In the matter of the application of the Bank of New York Mellon, 651786-2011, New York State Supreme Court, New York County (Manhattan). For further details, go to [Bloomberg, 8/13/12].