Wachtell's Bold BofA-Merrill Advice May Land It In Hot Water

Law360, New York (June 4, 2012, 2:39 PM EDT) -- Wachtell Lipton Rosen & Katz pushed the envelope by allegedly advising Bank of America Corp. to be less than forthcoming with shareholders ahead of the bank's $50 billion acquisition of Merrill Lynch & Co. Inc., potentially putting the law firm at the center of ongoing litigation over the controversial deal, experts say.

In the fall of 2008, as the financial world was crumbling and Bank of America was grappling with the government-proposed idea of taking over the ailing Merrill, bank executives learned that the investment firm's...
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