BofA Privilege Waiver Approved In SEC Case

By Elaine Meyer

Law360, New York (October 15, 2009, 1:26 PM ET) -- A federal judge has approved Bank of America NA's agreement to waive attorney-client privilege in the U.S. Securities and Exchange Commission's suit over alleged misrepresentations the bank made in its acquisition of Merrill Lynch & Co. Inc., exposing individual executives and law firms involved in the deal to scrutiny over executive bonuses.

Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York on Wednesday approved the stipulation agreement and proposed protective order, which will allow Bank of America to waive...
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