http://www.law360.com/ Latest articles for organization: Bank of America Corp. Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/132793 Plaintiffs’ counsel in shareholder derivative litigation over alleged misrepresentations associated with Bank of America Corp.’s purchase of Merrill Lynch & Co. Inc. have won permission to subpoena deal adviser Wachtell Lipton Rosen & Katz, the bank’s defense counsel Cleary Gottlieb Steen & Hamilton LLP and former Merrill CEO John A. Thain. http://www.law360.com/articles/132793 http://www.law360.com/articles/132731 Realtime Data LLC has won court approval for a settlement and licensing deal with F5 Networks Inc. and one of its customers, putting to rest allegations that the companies infringed seven patents covering compression-based data acceleration technology. http://www.law360.com/articles/132731 http://www.law360.com/articles/132593 Investment firm TPG Capital LP and Canada-based pension manager CPP Investment Board will acquire IMS Health Inc., a provider of market intelligence to the health care and pharmaceutical industries, in a leveraged buyout deal valued at $5.2 billion. http://www.law360.com/articles/132593 http://www.law360.com/articles/132586 Bank of America NA has joined a chorus of lenders and regulators in objecting to Taylor Bean & Whitaker Mortgage Corp.’s proposed $25 million debtor-in-possession financing, saying the bankrupt mortgage lender has yet to show it actually owns properties offered as collateral for the needlessly large loan. http://www.law360.com/articles/132586 http://www.law360.com/articles/132508 A federal appeals court has upheld the New York Stock Exchange LLC's $100,000 fine against a former JPMorgan Securities Inc. investment banker for passing along confidential merger information to an employee at Bank of America Corp., where he was scheduled to take a job after the merger. http://www.law360.com/articles/132508 http://www.law360.com/articles/132545 Attorneys general from 40 states and territories have signed a letter urging legislators not to let a potential new federal consumer protection agency preempt states' authority to enforce financial regulations. http://www.law360.com/articles/132545 http://www.law360.com/articles/124155 While some observers say the tactic is more marketing strategy than substance, law firms are increasingly organizing themselves into industry-specific groups, a trend that some firms say has helped them develop or maintain an edge in landing mergers and acquisitions and other corporate business, even in the recession. http://www.law360.com/articles/124155 http://www.law360.com/articles/132124 Bankrupt commercial lender CIT Group Inc. won approval Tuesday to immediately tap $125 million of a debtor-in-possession loan through Bank of America Corp., as part of its package of first-day motions seeking to sustain operations during a speedy restructuring effort. http://www.law360.com/articles/132124 http://www.law360.com/articles/132093 Participants in Bank of America Corp.'s two employee savings plans have lost a bid to appeal the dismissal of claims in their putative class action that accuses plan administrators of breaching their fiduciary duties by heavily investing in mutual funds offered or managed by the bank's own subsidiaries and affiliates. http://www.law360.com/articles/132093 http://www.law360.com/articles/131712 CIT Group Inc. has slid into Chapter 11 bankruptcy, an action that will likely cost U.S. taxpayers $2.3 billion and raises questions about the lender’s ability to continue to service a broad swath of the small business and middle-market sectors. http://www.law360.com/articles/131712 http://www.law360.com/articles/131773 The U.S. Securities and Exchange Commission is reportedly engaging in settlement talks with several large financial firms, including UBS AG and Bank of America Corp., following a recent crackdown by the agency over bid-rigging in municipal bond sales. http://www.law360.com/articles/131773 http://www.law360.com/articles/131088 A federal appeals court has revived a dismissed proposed class action brought by homebuyers accusing Countrywide Home Loans Inc. and its reinsurer unit, Balboa Reinsurance Co., of engaging in a kickback scheme that could reduce competition among private mortgage insurance providers. http://www.law360.com/articles/131088 http://www.law360.com/articles/130868 Residential developer California Coastal Communities Inc. has filed for Chapter 11 bankruptcy protection, citing a need to extend the maturity dates on $182 million in debt it incurred from a development project. http://www.law360.com/articles/130868 http://www.law360.com/articles/130653 Plaintiffs counsel Keller Rohrback LLP and Braun Law Group PC have asked a judge to award about $14 million in fees and expenses in a class action accusing Countrywide Financial Corp. of violating the Employee Retirement Income Security Act in its treatment of a 401(k) plan. http://www.law360.com/articles/130653 http://www.law360.com/articles/130544 Having reached key settlements with creditors, SemGroup LP has won confirmation of its plan of reorganization following about 15 months in Chapter 11. http://www.law360.com/articles/130544 http://www.law360.com/articles/130340 Counsel for the lead plaintiffs in a class action accusing Merrill Lynch & Co. of misrepresenting its subprime mortgage debt exposure have asked a court to give them 15 percent, or about $23 million, of a $150 million settlement reached in the case. http://www.law360.com/articles/130340 http://www.law360.com/articles/130391 U.K. finance giant Barclays Bank PLC plans to buy Standard Life PLC's banking subsidiary for £226 million ($369 million) in a cash deal the purchaser expects to close in the first quarter of 2010, Barclays said Monday. http://www.law360.com/articles/130391 http://www.law360.com/articles/130266 Plaintiffs in a consolidated securities lawsuit against Colonial BancGroup Inc. have asked a bankruptcy judge to put limits on the efforts of the failed Montgomery, Ala.-based financial company's principals to access funds to provide them a defense under a $15 million insurance policy. http://www.law360.com/articles/130266 http://www.law360.com/articles/130189 Days after reportedly locking Republicans out of committee meetings to avoid being forced to subpoena lending records from Countrywide Financial, U.S. House of Representatives Oversight Committee chairman Ed Towns, D-N.Y., announced that the committee will issue a subpoena after all. http://www.law360.com/articles/130189 http://www.law360.com/articles/130037 Securities regulators have filed an amended complaint in their closely watched lawsuit against Bank of America NA, accusing the bank of omitting information about billions of dollars in bonuses paid to Merrill Lynch & Co. Inc. executives in a proxy statement filed prior to the financial giants' fall 2008 shotgun merger. http://www.law360.com/articles/130037