Correction: A previous version of this story incorrectly reported that Judge Crotty dismissed Bank of America’s breach of contract claims against Bear Stearns. In fact, he let stand BofA’s fraud-based breach of contract claim while dismissing a claim based on Bear’s alleged breach of disclosure obligations under a collateral management agreement. We regret the error.
If revenue is down this year among Am Law 100 firms, don’t blame the Bank of America. BofA is doing its best to boost the fortunes of America’s big firm lawyers, as evidenced by a particularly litigious week in which the bank faced an amended securities class action complaint, stepped up the defense of its soon-to-be-former CEO, settled an employment dispute and got some good news from a Manhattan federal district court judge who’s not named Rakoff.
