nytimes.com - 10/13/2009
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Facing mounting pressure from multiple investigations, Bank of America ’s board has voted to reveal the legal advice that the bank received late last year in its merger with Merrill Lynch . The stunning reversal, approved by the board Friday, removes a major hurdle in resolving a number of cases ...
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Bank of America Set to Reveal Merrill Advice
Democratic Underground Latest Breaking News —
... or may provide the evidence that some investigators are seeking to lay blame at individuals feet. The bank has refused to allow its attorneys to answer questions about many aspects of the deal, even as pressure to do so surged from many corners. Some of the pressure came from lawmakers in Congress and regulators who are deciding whether to allow Bank of America to return part of the $45 billion it received in bailout funds an outcome the bank has been urgently pursuing. Read more: http://www.nytimes.com/2009/10/13/business/13legal.html...
Bank of America to Waive Attorney-Client Privilege in Merrill Acquisition
ABA Journal Top Stories —
... Bank of America has agreed to reveal legal advice it obtained in its acquisition of Merrill Lynch, a move likely to put the spotlight on its outside law firm in the deal, Wachtell, Lipton Rosen & Katz. Bank of America’s board voted to waive its attorney-client privilege on Friday, according to the New York Times and the ...
Morning Docket: 10.13.09
Above the Law —
... * Bank of America's board votes to waive privilege and disclose the legal advice it received on the Merrill Lynch merger, which could spell trouble for B of A's outside counsel at Wachtell (depending on the advice given). [New York Times] ...
Bank of America Finally Clues In: “Lawyer Made Us Do It” Doesn’t Work
Firedoglake —
... The New York Times now reports that BofA has finally decided to give up its ridiculous insistence that it still has any attorney-client privilege in regards to the decision-making process behind their false statements. ...
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