BofA Agrees To Waive Privilege In SEC Case

Law360, New York (October 13, 2009, 5:05 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.