Paul Weiss Rifkind Wharton & Garrison has advised Bank of America to waive privilege and reveal legal advice that the bank received last year in its merger with Merrill Lynch, reports The American Lawyer.
On Monday (12 October), Paul Weiss lawyers, along with counterparts from Cleary Gottlieb Steen & Hamilton, advised the bank’s board to make a surprising change in strategy and vote to waive privilege in the Securities and Exchange Commission’s (SEC’s) much-publicised disclosure case against Bank of America.
