BofA Agrees To Waive Privilege In SEC Case

By Christie Smythe

Law360, New York (October 13, 2009, 5:05 PM ET) -- Bank of America Corp. has agreed to waive attorney-client privilege in the U.S. Securities and Exchange Commission's case over alleged misrepresentations in the bank's acquisition of Merrill Lynch & Co. Inc., potentially exposing individual executives and law firms involved in the deal to the agency's scrutiny.

The SEC issued an announcement Tuesday stating that, if approved by a judge overseeing the case, the agreement would result in a broad waiver of the privileges the bank has cited in remaining silent on details about how disclosures to...
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