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Let’s hope the plaintiffs lawyers in the Bank of America securities class action suit have some big wheelbarrows, or at least terabytes of computer hard drive space. On Tuesday, in a huge win for shareholders, Manhattan federal district court Judge Denny Chin took the unusual step of lifting the statutory discovery stay in the securities fraud case. His order will give the plaintiffs access to the mountains of documents that BofA and related defendants have already turned over to Congress, the Securities and Exchange Commission, the New York attorney general and other government entities scrutinizing BofA’s acquisition of Merrill Lynch. In addition, lawyers for the shareholders will be able to use transcripts of depositions taken by other investigators.

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