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He said Canada would continue litigation until a deal was completed.
If the process breaks down, disputants are free to pursue or continue litigation.
A successor has taken over, to continue litigation in Luxembourg against Price Waterhouse (now PricewaterhouseCoopers), BCCI's and First American's former auditors.
The settlement had been endangered after one former student, Sherri Simpson, argued that she should be allowed to opt out of the agreement and continue litigation against Trump.
But lawyers for the organizations that filed motions to intervene and friend-of-the-court briefs said they thought it unlikely that the bank would attempt to continue litigation elsewhere.
The court threw out Sterrett's Title IX challenge in the suit, but he was allowed to continue litigation on his due process claim.
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The prospect of continuing litigation has depressed its stock price.
City officials declined to comment, citing the continuing litigation.
Citing continuing litigation, neither side will comment further.
The agency said on Friday that it did not comment on possible, pending or continuing litigation.
A spokesman for Nissan declined to comment, citing the continuing litigation.
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